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Macroeconomic Analysis of Monetary Unions: A General Framework Based on the Mundell-Fleming Model: 0 (SpringerBriefs in Economics) - Softcover
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This book builds a framework for macroeconomic modeling of monetary unions, starting from the standard two-country Mundell-Fleming model with perfect capital mobility, extended and modified in versions illustrating small and large monetary unions.
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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.
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- VerlagSpringer
- Erscheinungsdatum2011
- ISBN 10 3642194443
- ISBN 13 9783642194443
- EinbandTapa blanda
- Anzahl der Seiten60
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Macroeconomic Analysis of Monetary Unions : A General Framework Based on the Mundell-Fleming Model
Verlag:
Springer Berlin Heidelberg
(2011)
ISBN 10: 3642194443
ISBN 13: 9783642194443
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Buchbeschreibung Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Artikel-Nr. 9783642194443
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