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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 … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …
Persistent link: https://www.econbiz.de/10013520991
This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … examines the scenario of a supply shock in Europe, in which monetary and fiscal interactions would have no effects on European …
Persistent link: https://www.econbiz.de/10013522949
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...
Persistent link: https://www.econbiz.de/10013521314
positioned to relate explicitly to theory, and to look ahead to and preempt global macro situations and polices in the years to … and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment …
Persistent link: https://www.econbiz.de/10012398057
. Im Ergebnis zeigt sich, wie wichtig die Geldpolitik ist, um Panik und Unsicherheit rasch bekämpfen zu können. Sie kommt …
Persistent link: https://www.econbiz.de/10014017736
analyzed using the endogenous coalition formation approach. The analysis is focused on shock and model asymmetries and issues …
Persistent link: https://www.econbiz.de/10013520414
Persistent link: https://www.econbiz.de/10013520482
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...
Persistent link: https://www.econbiz.de/10013520823
Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government … the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing …
Persistent link: https://www.econbiz.de/10013521136
Persistent link: https://www.econbiz.de/10013521141