Dynamic Policy Interactions in a Monetary Union

- 2011

af


Dynamic Policy Interactions in a Monetary Union
Format:
Bog, hardback
Udgivelsesdato:
01-02-2011
Sprog:
Engelsk
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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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E-bog, PDF

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ISBN13:
9783642182273
Vægt:
680 g
Dybde:
21 mm
Bredde:
156 mm
Højde:
234 mm
Forlag:
Springer
Format:
Hardback

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Dynamic Policy Interactions in a Monetary Union

- 2011

af

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