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100301s2009 gw | s |||| 0|eng d |
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|a 9783540927518
|9 978-3-540-92751-8
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|a 10.1007/978-3-540-92751-8
|2 doi
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|a Carlberg, Michael.
|e author.
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|a Strategic Policy Interactions in a Monetary Union
|c by Michael Carlberg.
|h [electronic resource] /
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| 264 |
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|a Berlin, Heidelberg :
|b Springer Berlin Heidelberg,
|c 2009.
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| 300 |
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|b online resource.
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| 336 |
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|a text
|b txt
|2 rdacontent
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|a computer
|b c
|2 rdamedia
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| 338 |
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|a online resource
|b cr
|2 rdacarrier
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| 347 |
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|a text file
|b PDF
|2 rda
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|a The Monetary Union as a Whole: Absence of a Deficit Target -- The Monetary Union as a Whole: Presence of a Deficit Target -- The Monetary Union of Two Countries: Absence of a Deficit Target -- The Monetary Union of Two Countries: Presence of a Deficit Target.
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| 520 |
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|a 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. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.
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| 650 |
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|a Economics.
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| 650 |
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|a Economic policy.
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| 650 |
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|a International economics.
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| 650 |
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|a Macroeconomics.
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| 650 |
1 |
4 |
|a Economics/Management Science.
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| 650 |
2 |
4 |
|a Economic Policy.
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| 650 |
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4 |
|a International Economics.
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| 650 |
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4 |
|a Macroeconomics/Monetary Economics.
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| 710 |
2 |
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|a SpringerLink (Online service)
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| 773 |
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|t Springer eBooks
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| 776 |
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8 |
|i Printed edition:
|z 9783540927501
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| 856 |
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|u https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-540-92751-8
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| 912 |
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|a ZDB-2-SBE
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| 950 |
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|a Business and Economics (Springer-11643)
|