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Monetary and Fiscal Strategies in the World Economy

Autor Michael Carlberg
en Limba Engleză Hardback – 4 feb 2010
This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples. The present book is part of a larger research project on European Monetary Union, see the references given at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association, at the International Conference on Macroeconomic Analysis, at the International Institute of Public Finance, and at the International Atlantic Economic Conference. Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Göttingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, at the Research Seminar on Economics in Kassel, and at the Passau Workshop on International Economics.
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Specificații

ISBN-13: 9783642104756
ISBN-10: 3642104754
Pagini: 320
Ilustrații: XII, 306 p.
Dimensiuni: 155 x 235 x 22 mm
Greutate: 0.57 kg
Ediția:2010
Editura: Springer Berlin, Heidelberg
Colecția Springer
Locul publicării:Berlin, Heidelberg, Germany

Public țintă

Research

Cuprins

The Closed Economy: Absence of a Deficit Target..- Monetary Policy.- Fiscal Policy.- Monetary and Fiscal Interaction.- Monetary and Fiscal Cooperation.- The Closed Economy: Presence of a Deficit Target.- Fiscal Policy.- Monetary and Fiscal Interaction.- Monetary and Fiscal Cooperation.- Monetary Policies in Europe and America.- Monetary Interaction between Europe and America: Case A.- Monetary Interaction between Europe and America: Case B.- Monetary Interaction between Europe and America: Case C.- Monetary Cooperation between Europe and America: Case A.- Monetary Cooperation between Europe and America: Case B.- Monetary Cooperation between Europe and America: Case C.- Fiscal Policies in Europe and America:Absence of a Deficit Target..- Fiscal Interaction between Europe and America.- Fiscal Cooperation between Europe and America.- Fiscal Policies in Europe and America: Presence of a Deficit Target.- Fiscal Interaction between Europe and America.- Fiscal Cooperation between Europe and America.- Monetary and Fiscal Policies in Europe and America:Absence of a Deficit Target.- Monetary and Fiscal Interaction between Europe and America.- Monetary and Fiscal Cooperation between Europe and America.- Monetary and Fiscal Policies in Europe and America:Presence of a Deficit Target.- Monetary and Fiscal Interaction between Europe and America: Case A.- Monetary and Fiscal Interaction between Europe and America: Case B.- Monetary and Fiscal Interaction between Europe and America: Case C.- Monetary and Fiscal Cooperation between Europe and America.- Cooperation within Regions, Interaction between Regions.

Textul de pe ultima copertă

This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.

Caracteristici

Includes supplementary material: sn.pub/extras