Téléchargez le livre : Macroeconomic Analysis of Monetary Unions

Macroeconomic Analysis of Monetary Unions

A General Framework Based on the Mundell-Fleming Model de

,

Éditeur :

Springer


Collection :

SpringerBriefs in Economics

Paru le : 2011-05-06

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Description
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.
Pages
50 pages
Collection
SpringerBriefs in Economics
Parution
2011-05-06
Marque
Springer
EAN papier
9783642194443
EAN EPUB
9783642194450
Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
5
Taille du fichier
881 Ko
Prix
52,74 €

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