Macroeconomic Analysis of Monetary Unions : A General Framework Based on the Mundell-Fleming Model PDF
by Oscar Bajo-Rubio, Carmen Diaz-Roldan
Part of the SpringerBriefs in Economics series
Description
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.
Information
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Download - Immediately Available
- Format:PDF
- Publisher:Springer Berlin Heidelberg
- Publication Date:06/05/2011
- Category:
- ISBN:9783642194450
Other Formats
- Paperback / softback from £39.99
Information
-
Download - Immediately Available
- Format:PDF
- Publisher:Springer Berlin Heidelberg
- Publication Date:06/05/2011
- Category:
- ISBN:9783642194450
