Inflation and Unemployment in a Monetary Union

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the prim...

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Main Author: Carlberg, Michael
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2008, 2008
Edition:1st ed. 2008
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • The Rate of Inflation
  • Monetary Policy in Europe
  • Fiscal Policies in Germany and France
  • Central Bank and Governments Decide Sequentially
  • Central Bank and Governments Cooperate
  • The Countries Differ in Size
  • The Countries Differ in Behaviour
  • The Monetary Union of Three Countries
  • The Rate of Unemployment
  • Monetary Policy in Europe
  • Fiscal Policies in Germany and France
  • Central Bank and Governments Decide Sequentially
  • Central Bank and Governments Cooperate
  • The Countries Differ in Size
  • The Countries Differ in Behaviour
  • The Monetary Union of Three Countries
  • Inflation and Unemployment
  • The Model
  • Some Numerical Examples
  • Monetary Policy in the Phillips Curve Diagram
  • Inflation and Unemployment
  • Monetary Policy in Europe
  • Fiscal Policies in Germany and France
  • Central Bank and Governments Decide Sequentially
  • Central Bank and Governments Cooperate
  • Central Bank and Governments Differ in Loss Function