This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit....

The Closed Economy: Absence of a Deficit Target. -- Monetary Policy -- Fiscal Policy -- Monetary and Fiscal Interaction -- Monetary and Fiscal Cooperation -- The Closed Economy: Presence of a Deficit Target -- Fiscal Policy -- Monetary and Fiscal Interaction -- Monetary and Fiscal Cooperation --...

1. Support-bargaining and the evolution of human societies -- 2. Money and money-bargaining -- 3. Macroeconomics and money-bargaining -- 4. Evolutionary economics -- 5. The evolution of money-bargaining -- 6. The state and money-bargaining -- 7. Support-bargaining, credit and confidence -- 8....