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008 110215s2011 gw | s |||| 0|eng d
020 _a9783642182280
_9978-3-642-18228-0
040 _cMX-MeUAM
050 4 _aHB172.5
082 0 4 _a339
_223
100 1 _aCarlberg, Michael.
_eauthor.
245 1 0 _aDynamic Policy Interactions in a Monetary Union
_h[recurso electrónico] /
_cby Michael Carlberg.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2011.
300 _aXII, 347 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aSome 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.
520 _aThis 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?
650 0 _aEconomics.
650 0 _aInternational economics.
650 0 _aLabor economics.
650 0 _aMacroeconomics.
650 1 4 _aEconomics/Management Science.
650 2 4 _aMacroeconomics/Monetary Economics.
650 2 4 _aInternational Economics.
650 2 4 _aLabor Economics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642182273
856 4 0 _zLibro electrónico
_uhttp://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-642-18228-0
596 _a19
942 _cLIBRO_ELEC
999 _c203568
_d203568