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Economic Analysis of Monetary Union
Angličtina
331 b
30 dní na vrácení zboží
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Brožovaná
2 594
Kč
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Pevná
1 143
Kč
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Brožovaná
365
Kč
Monetary Unions, like EURO-Zone are analysied and policy recommendations are given. 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 spe- cial feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disin- flation. Take for instance inflation in Germany and price stabi- lity in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?
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Angličtina
