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Contributions to Economics

European Monetary Union

Theory, Evidence, and Policy

Authors: Carlberg, Michael

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eBook $84.99
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  • ISBN 978-3-642-86652-4
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  • Immediate eBook download after purchase
Softcover $109.00
price for USA in USD
  • ISBN 978-3-7908-1191-9
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About this book

This book explores the new macroeconomics of the European Monetary Union. It carefully discusses the effects of shocks and policy measures on em­ ployment, prices, and the current account. Take for instance a shock or a policy measure in a specific union country. Then what will be the results in the specific country, in the other union countries, and in the rest of the world? The targets of economic policy are full employment and price stability in each of the union of economic policy are monetary policy by the Euro­ countries. The instruments pean Central Bank and fiscal policies by national governments. What is the appropriate policy mix? A salient feature of this book is the numerical estimation of shock and policy multipliers. Money wages are fixed, flexible or downward rigid. The monetary union can be small or large. I had many helpful talks with Gerd Focke, Daphni-Marina Papadopoulou, Franco Reither, Wolf Schafer, Christine Schafer-Lochte, and Michael Schmid. In addition, Michael Brauninger and Michael Cyrus carefully discussed with me all parts of the manuscript. Last but not least, Doris Ehrich did the secretarial work as excellently as ever. I wish to thank all of them. Executive Summary 1) Small monetary union of two identical countries, say Gennany and France. The monetary union is a small open economy with perfect capital mobili­ ty. Let us begin with fiscal policy.

Table of contents (20 chapters)

  • Introduction

    Carlberg, Prof. Dr. Michael

    Pages 1-7

  • Brief Survey of the Literature

    Carlberg, Prof. Dr. Michael

    Pages 9-11

  • Small Country in Large Union

    Carlberg, Prof. Dr. Michael

    Pages 15-23

  • Small Union as a Whole

    Carlberg, Prof. Dr. Michael

    Pages 23-31

  • Small Union of Two Countries

    Carlberg, Prof. Dr. Michael

    Pages 35-95

Buy this book

eBook $84.99
price for USA in USD (gross)
  • ISBN 978-3-642-86652-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.00
price for USA in USD
  • ISBN 978-3-7908-1191-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
European Monetary Union
Book Subtitle
Theory, Evidence, and Policy
Authors
Series Title
Contributions to Economics
Copyright
1999
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-86652-4
DOI
10.1007/978-3-642-86652-4
Softcover ISBN
978-3-7908-1191-9
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XIV, 257
Topics