bokomslag Macroeconomic Analysis of Monetary Unions
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Macroeconomic Analysis of Monetary Unions

Oscar Bajo-Rubio Carmen Daz-Roldn

Pocket

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  • 50 sidor
  • 2011
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.
  • Författare: Oscar Bajo-Rubio, Carmen Daz-Roldn
  • Illustratör: 4 schwarz-weiße Tabellen 10 schwarz-weiße Abbildungen
  • Format: Pocket/Paperback
  • ISBN: 9783642194443
  • Språk: Engelska
  • Antal sidor: 50
  • Utgivningsdatum: 2011-05-08
  • Förlag: Springer-Verlag Berlin and Heidelberg GmbH & Co. K