Macroeconomic Analysis of Monetary Unions - 9783642194443
Un libro in lingua di Bajo Rubio Oscar (EDT), Diaz roldan Carmen (EDT) edito da Springer Verlag, 2011
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The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.
Informazioni bibliografiche
- Titolo del Libro in lingua: Macroeconomic Analysis of Monetary Unions
- Sottotitolo: A General Framework Based on the Mundell-fleming Model
- Lingua: English
- Autori : Bajo Rubio Oscar (EDT), Diaz roldan Carmen (EDT)
- Editore: Springer Verlag
- Collana: Springer Verlag (Paperback)
- Data di Pubblicazione: 29 Aprile '11
- Genere: BUSINESS and ECONOMICS
- Pagine: 49
- ISBN-10: 3642194443
- EAN-13: 9783642194443