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Does Monetary Union Reduce Employment?

Does Monetary Union Reduce Employment? PDF Author: Anssi Rantala
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 44

Book Description

Does Monetary Union Reduce Employment?

Does Monetary Union Reduce Employment? PDF Author: Anssi Rantala
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 44

Book Description

Inflation and Unemployment in a Monetary Union

Inflation and Unemployment in a Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3540793011
Category : Business & Economics
Languages : en
Pages : 250

Book Description
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions? The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.

An Economic Analysis of Monetary Union

An Economic Analysis of Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3662044358
Category : Business & Economics
Languages : en
Pages : 258

Book Description
This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible wages can coexist. Take for instance fixed wages in Germany and flexible wages in France. Or take fixed wages in Europe and flexible wages in America. A special feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disinflation. Take for instance inflation in Germany and price stability in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?

Economic and Monetary Union

Economic and Monetary Union PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 35

Book Description

Economic Policy in a Monetary Union

Economic Policy in a Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3642572901
Category : Business & Economics
Languages : en
Pages : 316

Book Description
This book explores the scope and limits of macroeconomic policy in a monetary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, national governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. This book develops a series of basic, intermediate, and advanced models. The monetary union is an open economy with high capital mobility. The exchange rate between the monetary union and the rest of the world is floating. The world interest rate can be exogenous or endogenous. The union countries may differ in money demand, consumption, imports, openness, or size. A striking feature is the numerical estimation of policy multipliers. A lot of diagrams serve to illustrate the subject in hand.

Economic and Monetary Union, Employment, Social Conditions and Social Benefits

Economic and Monetary Union, Employment, Social Conditions and Social Benefits PDF Author:
Publisher:
ISBN:
Category : Labor policy
Languages : en
Pages : 78

Book Description

Policy Competition and Policy Cooperation in a Monetary Union

Policy Competition and Policy Cooperation in a Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3540247963
Category : Business & Economics
Languages : en
Pages : 298

Book Description
European monetary unification seems to be one of the most important events in international monetary affairs since the breakdown of Bretton Woods. It pos es a major challenge to central banks, governments, and labour unions. It opens up new fields of economic research that are both intriguing and fascinating. European Monetary Union amounts to a switch of regime. Surely the Mundell Fleming model of the open economy does no longer apply to Germany or France. The effects of shocks and policies on output and prices should have changed dramatically in size. Some of them should even work in the opposite direction now. The present book is part of a larger research project on monetary union, see Carlberg (1999, 2000, 2001, 2002, 2003). Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association in Klagenfurt, at the Pass au Workshop on International Economics, at the Halle Workshop on Monetary Economics, and at the Research Seminar on Macroeconomics in Freiburg. Moreover, book reviews were published in the Economic Journal, Kyklos, the Journal of Economics, and the Journal of Economics and Statistics.

Macroeconomics of Monetary Union

Macroeconomics of Monetary Union PDF Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3540736336
Category : Business & Economics
Languages : en
Pages : 285

Book Description
This is what we’ve all been waiting for – a book that demystifies the European community’s monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in point is the Euro area, where policy targets are price stability and full employment. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.

Monetary Integration

Monetary Integration PDF Author: Warner Max Corden
Publisher: Princeton, N.J. : International Finance Section, Princeton University
ISBN:
Category : Business & Economics
Languages : en
Pages : 58

Book Description

Europe's Monetary Union and Its Potential Impact on the United States Economy

Europe's Monetary Union and Its Potential Impact on the United States Economy PDF Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 66

Book Description

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