The euro area economies are bound together by monetary policy while still inhibiting many heterogeneities. Amongst them the share of homeowners. This paper presents a medium scale New Keynesian DSGE model of the euro area with an extensive housing market which explicitly models endogenous tenure...

The twelfth edition of 'Economics of Monetary Union' provides a concise analysis of the theories and policies relating to monetary union. The author addresses current issues surrounding the Eurozone, including; a critical discussion of the costs and benefits of possible exits by its member...

Den Autoren ist es dabei gelungen, die theoretischen Grundlagen der europäischen Geldpolitik mit den praktischen Erfahrungen zu verknüpfen. Auch für Finanzexperten in Banken, Unternehmen und Verbänden sowie in der Wissenschaft und in der Poltitik ist das Lehrbuch konzipierte und bereits in...