Macroeconomic Analysis of Monetary Unions
A General Framework Based on the Mundell-Fleming Model
(Sprache: Englisch)
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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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.
Klappentext zu „Macroeconomic Analysis of Monetary Unions “
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.
Inhaltsverzeichnis zu „Macroeconomic Analysis of Monetary Unions “
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.
Autoren-Porträt von Oscar Bajo-Rubio, Carmen Díaz-Roldán
Oscar Bajo-Rubio is Professor of Economics at the University of Castilla-La Mancha and currently President of the Spanish Association of International Economics and Finance. Carmen Díaz-Roldán is Associate Professor of Economics at the same University.
Bibliographische Angaben
- Autoren: Oscar Bajo-Rubio , Carmen Díaz-Roldán
- 2011, 2011., 50 Seiten, Maße: 15,5 x 23,5 cm, Kartoniert (TB), Englisch
- Verlag: Springer
- ISBN-10: 3642194443
- ISBN-13: 9783642194443
- Erscheinungsdatum: 08.05.2011
Sprache:
Englisch
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