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Policy Competition and Policy Cooperation in a Monetary Union

  • Book
  • © 2004

Overview

Authors:
  1. Michael Carlberg

    1. Department of Economics, Federal University of Hamburg, Hamburg, Germany

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  • Deep insights into the interactions between monetary and fiscal policies in the Euro area

  • Includes supplementary material: sn.pub/extras

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Table of contents (28 chapters)

  1. Front Matter

    Pages I-XVI
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  2. Introduction

    1. Introduction

      • Michael Carlberg
      Pages 1-8

  4. The Monetary Union of Two Countries

    1. Front Matter

      Pages 75-75
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    2. Fiscal Competition: A General Model

      • Michael Carlberg
      Pages 76-79

    3. The Union Countries Differ in Size

      • Michael Carlberg
      Pages 80-85

    4. The Union Countries Differ in Behaviour

      • Michael Carlberg
      Pages 86-91

    5. Simultaneous and Independent Decisions

      • Michael Carlberg
      Pages 92-95

    6. Gradualist Policies

      • Michael Carlberg
      Pages 96-99

    7. Alternative Targets of the Union Central Bank

      • Michael Carlberg
      Pages 100-107

    8. The German Government Targets Overemployment

      • Michael Carlberg
      Pages 108-111

    9. No Spillovers of Fiscal Policy

      • Michael Carlberg
      Pages 112-117

    10. Positive Spillovers of Fiscal Policy

      • Michael Carlberg
      Pages 118-129
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Keywords

About this book

European monetary unification seems to be one of the most important events in international monetary affairs since the breakdown of Bretton Woods. It pos es a major challenge to central banks, governments, and labour unions. It opens up new fields of economic research that are both intriguing and fascinating. European Monetary Union amounts to a switch of regime. Surely the Mundell­ Fleming model of the open economy does no longer apply to Germany or France. The effects of shocks and policies on output and prices should have changed dramatically in size. Some of them should even work in the opposite direction now. The present book is part of a larger research project on monetary union, see Carlberg (1999, 2000, 2001, 2002, 2003). Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association in Klagenfurt, at the Pass au Workshop on International Economics, at the Halle Workshop on Monetary Economics, and at the Research Seminar on Macroeconomics in Freiburg. Moreover, book reviews were published in the Economic Journal, Kyklos, the Journal of Economics, and the Journal of Economics and Statistics.

Authors and Affiliations

  • Department of Economics, Federal University of Hamburg, Hamburg, Germany

    Michael Carlberg

Bibliographic Information

  • Book Title: Policy Competition and Policy Cooperation in a Monetary Union

  • Authors: Michael Carlberg

  • DOI: https://doi.org/10.1007/978-3-540-24796-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2004

  • Hardcover ISBN: 978-3-540-20914-0Published: 23 February 2004

  • Softcover ISBN: 978-3-642-53477-5Published: 01 August 2012

  • eBook ISBN: 978-3-540-24796-8Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVI, 288

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics

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