img Leseprobe Leseprobe

Macroeconomic Analysis of Monetary Unions

A General Framework Based on the Mundell-Fleming Model

Oscar Bajo-Rubio, Carmen Díaz-Roldán

PDF
ca. 58,84
Amazon iTunes Thalia.de Weltbild.de Hugendubel Bücher.de ebook.de kobo Osiander Google Books Barnes&Noble bol.com Legimi
* Affiliatelinks/Werbelinks
Hinweis: Affiliatelinks/Werbelinks
Links auf reinlesen.de sind sogenannte Affiliate-Links. Wenn du auf so einen Affiliate-Link klickst und über diesen Link einkaufst, bekommt reinlesen.de von dem betreffenden Online-Shop oder Anbieter eine Provision. Für dich verändert sich der Preis nicht.

Springer Berlin img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

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.

Weitere Titel von diesem Autor
Weitere Titel zum gleichen Preis
Cover Development
Gianni Vaggi
Cover Asian Nations and Multinationals
Bernadette Andreosso-O’Callaghan
Cover Just Enough
Samuel Randalls

Kundenbewertungen

Schlagwörter

Macroeconomic shocks, Mundell-Fleming model, Monetary union