| Description |
1 online resource (vii, 49 pages) |
| Series |
SpringerBriefs in economics, 2191-5504 |
|
SpringerBriefs in economics. 2191-5504
|
| Contents |
Introduction -- The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis -- The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis -- Conclusions -- Appendix |
| Summary |
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 |
| Analysis |
economie |
|
economics |
|
bedrijfswetenschap |
|
management science |
|
economische theorie |
|
economic theory |
|
macroeconomics |
|
internationale economie |
|
international economy |
|
Management studies, Business Administration, Organizational Science (General) |
|
Management, bedrijfskunde, organisatiekunde (algemeen) |
| Bibliography |
Includes bibliographical references |
| Notes |
English |
|
Print version record |
| Subject |
Monetary unions.
|
|
Science économique.
|
|
Affaires.
|
|
Monetary unions
|
| Form |
Electronic book
|
| Author |
Díaz-Roldán, Carmen
|
| ISBN |
9783642194450 |
|
3642194451 |
|
