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Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy...
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This book assembles current theoretical contributions to monetary theory, banking and finance. The papers published in …: The Distribution of Money and its Welfare Implications.- Price Dispersion, Inflation and the Value of Money.- Optimal …
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Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government …
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) -- Summary of the Scientific Symposium “The Theory and Practice of Monetary Policy Today” -- The Theory and Practice of Monetary … Policy Today - Successes, Failures and Open Questions -- The Theory and Practice of Monetary Policy Today - Successes …This book presents important aspects of the New-Keynesian theory of monetary policy and its implications for the …
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A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
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policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and …
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Studies the interactions between monetary and wage policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. It also features numerical simulations of policy competition and numerical solutions to policy cooperation
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