Macroeconomic Analysis of Monetary Unions
ISBN:
978-3-642-19444-3
Auflage:
2011
Verlag:
Springer Berlin
Land des Verlags:
Deutschland
Erscheinungsdatum:
08.05.2011
Reihe:
SpringerBriefs in Economics
Format:
Softcover
Seitenanzahl:
50
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.
Biografische Anmerkung
Oscar Bajo-Rubio is Professor of Economics at the University of Castilla-La Mancha and currently President of the Spanish Association of International Economics and Finance. Carmen Díaz-Roldán is Associate Professor of Economics at the same University.
Beginn und Ende der Gewerblichkeit im Einkommensteuerrecht und Gewerbesteuerrecht
Erscheinungsjahr:
2024
