Macroeconomic Analysis of Monetary Unions [recurso electrónico] : A General Framework Based on the Mundell-Fleming Model / by Oscar Bajo-Rubio, Carmen Díaz-Roldán.

Por: Bajo-Rubio, Oscar [author.]Colaborador(es): Díaz-Roldán, Carmen [author.] | SpringerLink (Online service)Tipo de material: TextoTextoSeries SpringerBriefs in EconomicsEditor: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2011Descripción: VII, 50 p. online resourceTipo de contenido: text Tipo de medio: computer Tipo de portador: online resourceISBN: 9783642194450Tema(s): Economics | International economics | Macroeconomics | Economics/Management Science | Economic Theory | Macroeconomics/Monetary Economics | International EconomicsFormatos físicos adicionales: Printed edition:: Sin títuloClasificación CDD: 330.1 Clasificación LoC:HB1-846.8Recursos en línea: Libro electrónicoTexto
Contenidos:
Introduction -- The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis -- The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis -- Conclusions -- Appendix.
En: Springer eBooksResumen: The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.
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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 HB1 -846.8 (Browse shelf(Abre debajo)) 1 No para préstamo 375847-2001

Introduction -- The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis -- The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis -- Conclusions -- Appendix.

The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.

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