European Monetary Union: Theory, Evidence, And Policy by Michael CarlbergEuropean Monetary Union: Theory, Evidence, And Policy by Michael Carlberg

European Monetary Union: Theory, Evidence, And Policy

byMichael Carlberg

Paperback | March 29, 1999

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This book explores the new macroeconomics of the European Monetary Union. It carefully discusses the effects of shocks and policy measures on employment, prices, and the current account. Take for instance a shock or a policy measure in a specific union country. Then what will be the results in the specific country, in the other union countries, and in the rest of the world? The targets of economic policy are full employment and price stability in each of the union countries. The instruments of economic policy are monetary policy by the European Central Bank and fiscal policies by national governments. What is the appropriate policy mix? A salient feature of this book is the numerical estimation of shock and policy multipliers. Money wages are fixed, flexible or downward rigid.
Title:European Monetary Union: Theory, Evidence, And PolicyFormat:PaperbackPublished:March 29, 1999Publisher:Physica-Verlag HDLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790811912

ISBN - 13:9783790811919