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Inflation and Unemployment in a Monetary Union

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 government is low unemployment in Germany. And the prim...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Carlberg, Michael (Autor)
Autor Corporativo: SpringerLink (Online service)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2008.
Edición:1st ed. 2008.
Temas:
Acceso en línea:Texto Completo

MARC

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100 1 |a Carlberg, Michael.  |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
245 1 0 |a Inflation and Unemployment in a Monetary Union  |h [electronic resource] /  |c by Michael Carlberg. 
250 |a 1st ed. 2008. 
264 1 |a Berlin, Heidelberg :  |b Springer Berlin Heidelberg :  |b Imprint: Springer,  |c 2008. 
300 |a XV, 243 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
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505 0 |a The Rate of Inflation -- Monetary Policy in Europe -- Fiscal Policies in Germany and France -- Central Bank and Governments Decide Sequentially -- Central Bank and Governments Cooperate -- The Countries Differ in Size -- The Countries Differ in Behaviour -- The Monetary Union of Three Countries -- The Rate of Unemployment -- Monetary Policy in Europe -- Fiscal Policies in Germany and France -- Central Bank and Governments Decide Sequentially -- Central Bank and Governments Cooperate -- The Countries Differ in Size -- The Countries Differ in Behaviour -- The Monetary Union of Three Countries -- Inflation and Unemployment -- The Model -- Some Numerical Examples -- Monetary Policy in the Phillips Curve Diagram -- Inflation and Unemployment -- Monetary Policy in Europe -- Fiscal Policies in Germany and France -- Central Bank and Governments Decide Sequentially -- Central Bank and Governments Cooperate -- Central Bank and Governments Differ in Loss Function. 
520 |a 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 government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions? 
650 0 |a Macroeconomics. 
650 0 |a Labor economics. 
650 0 |a International economic relations. 
650 1 4 |a Macroeconomics and Monetary Economics. 
650 2 4 |a Labor Economics. 
650 2 4 |a International Economics. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer Nature eBook 
776 0 8 |i Printed edition:  |z 9783642098178 
776 0 8 |i Printed edition:  |z 9783540872085 
776 0 8 |i Printed edition:  |z 9783540793007 
856 4 0 |u https://doi.uam.elogim.com/10.1007/978-3-540-79301-4  |z Texto Completo 
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950 |a Economics and Finance (R0) (SpringerNature-43720)