1 Table of Contents: “...The Rate of Inflation -- Monetary Policy in Europe -- Fiscal Policies in Germany and France...”

2 Table of Contents: “...The Monetary Union as a Whole:Absence of a Deficit Target -- Monetary Policy A -- Monetary Policy B...”

3 Table of Contents: “... Wages -- 13. Monetary Policy -- 14. Cyclical Adjustment -- II. Economy with Public Sector -- 1...”

4 Table of Contents: “...Some Basic Models -- Monetary Policy in Europe -- Fiscal Policy in Germany -- First the Central...”

5 Table of Contents: “...Monetary and Fiscal Policies Basic Models -- Monetary Policy in Europe -- Fiscal Policies...”

6 Table of Contents: “...The Closed Economy: Absence of a Deficit Target. -- Monetary Policy -- Fiscal Policy -- Monetary...”

7 Table of Contents: “... -- 1. Monetary Policy in the Union -- 2. Fiscal Competition between Germany and France -- 3. Fiscal...”

8 Table of Contents: “...1. The Basic Model -- 2. Monetary Policy in the Union -- 3. Fiscal Competition between Germany...”

9 “.... The spillover effects of monetary policy are negative while the spillover effects of fiscal policy are positive...”

10 “... policy are full employment and price stability in each of the union of economic policy are monetary...”