Dynamic Policy Interactions in a Monetary Union [recurso electrónico] / by Michael Carlberg.

Por: Carlberg, Michael [author.]Colaborador(es): SpringerLink (Online service)Tipo de material: TextoTextoEditor: Berlin, Heidelberg : Springer Berlin Heidelberg, 2011Descripción: XII, 347 p. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783642182280Tema(s): Economics | International economics | Labor economics | Macroeconomics | Economics/Management Science | Macroeconomics/Monetary Economics | International Economics | Labor EconomicsFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 339 Clasificación LoC:HB172.5Recursos en línea: Libro electrónicoTexto
Contenidos:
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.
En: Springer eBooksResumen: 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 short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?
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Tipo de ítem Biblioteca actual Colección Signatura Copia número Estado Fecha de vencimiento Código de barras
Libro Electrónico Biblioteca Electrónica
Colección de Libros Electrónicos HB172.5 (Browse shelf(Abre debajo)) 1 No para préstamo 375688-2001

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.

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 short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?

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