Dynamic Policy Interactions in a Monetary Union [recurso electrónico] / by Michael Carlberg.
Tipo de material: TextoEditor: 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 electrónicoTipo de ítem | Biblioteca actual | Colección | Signatura | Copia número | Estado | Fecha de vencimiento | Código de barras |
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Libro Electrónico | Biblioteca Electrónica | Colección de Libros Electrónicos | HB172.5 (Browse shelf(Abre debajo)) | 1 | No para préstamo | 375688-2001 |
Navegando Biblioteca Electrónica Estantes, Código de colección: Colección de Libros Electrónicos Cerrar el navegador de estanterías (Oculta el navegador de estanterías)
HB172.5 Innovations in Macroeconomics | HB172.5 The European Central Bank at Ten | HB172.5 Housing Markets in Europe | HB172.5 Dynamic Policy Interactions in a Monetary Union | HB172.5 The Yield Curve and Financial Risk Premia | HB172.5 Money, Stock Prices and Central Banks | HB172.5 Macroeconomics from the Bottom-up |
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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