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Dynamic policy interactions in a monetary union

Author: Michael Carlberg
Publisher: Berlin ; Heidelberg ; New York : Springer, ©2011.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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.  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michael Carlberg
ISBN: 9783642182280 3642182283 3642182275 9783642182273
OCLC Number: 710113308
Description: 1 online resource (xii, 347 pages)
Contents: 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.
Responsibility: Michael Carlberg.

Abstract:

This volume studies the dynamics of monetary and fiscal interactions in Europe. The text focuses on sequential policy decisions, simultaneous and independent policy decisions, and policy cooperation.  Read more...

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