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Dynamic Policy Interactions in a Monetary Union

This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a shor...

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Bibliographic Details
Main Author: Carlberg, Michael
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2011, 2011
Edition:1st ed. 2011
Subjects:
Macroeconomics And Monetary Economics
International Economics
Labor Economics
Macroeconomics
International Economic Relations
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • Some Basic Models
  • Monetary Policy in Europe
  • Fiscal Policy in Germany
  • First the Central Bank Decides, then the Governments Decide
  • First the Governments Decide, then the Central Bank Decides
  • Central Bank and Governments Decide Simultaneously and Independently: Cold-Turkey Policies
  • Central Bank and Governments Decide Simultaneously and Independently: Gradualist Policies
  • Central Bank and Government Cooperate
  • Appendix
  • Conclusion
  • Result
  • The Current Research Project

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