Macroeconomic Analysis of Monetary Unions

A General Framework Based on the Mundell-Fleming Model

Business & Finance, Economics, Macroeconomics, Theory of Economics
Cover of the book Macroeconomic Analysis of Monetary Unions by Oscar Bajo-Rubio, Carmen Díaz-Roldán, Springer Berlin Heidelberg
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Oscar Bajo-Rubio, Carmen Díaz-Roldán ISBN: 9783642194450
Publisher: Springer Berlin Heidelberg Publication: May 6, 2011
Imprint: Springer Language: English
Author: Oscar Bajo-Rubio, Carmen Díaz-Roldán
ISBN: 9783642194450
Publisher: Springer Berlin Heidelberg
Publication: May 6, 2011
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer Berlin Heidelberg

Cover of the book Surgical Atlas of Sports Orthopaedics and Sports Traumatology by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Zementfreie Hüftendoprothese: lateraler Zugang nach Bauer by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Chaotic Flows by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Pkw-Klimatisierung by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Peasants, Culture and Indigenous Peoples by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Psychotherapie und Spiritualität by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Technisches Interface Design by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Psychopharmacoendocrinology and Depression Research by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Neural Tissue Biomechanics by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Technische Akustik by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Analog-Digital Converters for Industrial Applications Including an Introduction to Digital-Analog Converters by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Theoretical Concepts of X-Ray Nanoscale Analysis by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Internal Medicine by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Elektrizität und Magnetismus by Oscar Bajo-Rubio, Carmen Díaz-Roldán
Cover of the book Transactions on Large-Scale Data- and Knowledge-Centered Systems XXVII by Oscar Bajo-Rubio, Carmen Díaz-Roldán
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy