SpringerBriefs in Economics

Macroeconomic Analysis of Monetary Unions

A General Framework Based on the Mundell-Fleming Model

Authors: Bajo-Rubio, Oscar, Díaz-Roldán, Carmen

  • The model has been specifically designed for a monetary union
  • The supply side is completely developed
  • We examine the effects of all possible shocks affecting an economy
  • The analysis is performed both in the short and in the long run
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eBook $34.99
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  • ISBN 978-3-642-19445-0
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Softcover $49.95
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  • ISBN 978-3-642-19444-3
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About this book

The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.

About the authors

Oscar Bajo-Rubio is Professor of Economics at the University of Castilla-La Mancha and currently President of the Spanish Association of International Economics and Finance. Carmen Díaz-Roldán is Associate Professor of Economics at the same University.

Table of contents (1 chapters)

  • Macroeconomic Analysis of Monetary Unions

    Bajo-Rubio, Oscar (et al.)

    Pages 1-39

Buy this book

eBook $34.99
price for USA (gross)
  • ISBN 978-3-642-19445-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $49.95
price for USA
  • ISBN 978-3-642-19444-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Macroeconomic Analysis of Monetary Unions
Book Subtitle
A General Framework Based on the Mundell-Fleming Model
Authors
Series Title
SpringerBriefs in Economics
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Oscar Bajo-Rubio
eBook ISBN
978-3-642-19445-0
DOI
10.1007/978-3-642-19445-0
Softcover ISBN
978-3-642-19444-3
Series ISSN
2191-5504
Edition Number
1
Number of Pages
VII, 50
Topics