00000cmm a22000005i 4500 UP-99796217611000256 Buklod 20230504003249.0 m go j cr |n |||auu|a 131120s xx d u 9783642182280 (eBook) (iLib)UPD-00206905211 DLC DML eng HC 260 C37 2011eb Carlberg, Michael Dynamic policy interactions in a monetary union [electronic resource] by Michael Carlberg. Berlin, Heidelberg Springer Berlin Heidelberg c2011. 1 online resource (xii, 347 p.) Some Basic Models -- Monetary Policy in Europe -- Fiscal Policy in Germany -- First the Central Bank Decides, then the Governments Decide -- First the Governments Decide, then the Central Bank Decides -- Central Bank and Governments Decide Simultaneously and Independently: Cold-Turkey Policies -- Central Bank and Governments Decide Simultaneously and Independently: Gradualist Policies -- Central Bank and Government Cooperate -- Appendix -- Conclusion -- Result -- The Current Research Project. IP-based subscription, on campus only. Access via Electronic Resources of the UPD University Library Website. This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process? Electronic reproduction. New York SpringerLink c2011. Available via World Wide Web through SpringerLink. European Central Bank. European Union countries Economic policy. Electronic books. SpringerLink (Online service). Springer eBooks. Electronic Resource http://link.springer.com/book/10.1007/978-3-642-18228-0 Available for University of the Philippines Diliman via SpringerLink. Click here to access (viewed 21 April 2014) FO Monograph UPD DMLR Electronic Resource