عنوان

Inflation in a monetary union

3540247599

3642077692

9783540247593

9783642077692

b565520

Inflation in a monetary union

[Book]

Michael Carlberg.

Berlin ; Heidelberg

Springer-Verlag, [

2011]

XV, 305 s. : il. ; 24 cm

Na s.red: Softcover reprint of the hardcover 1st edition 2002.

One. The Closed Economy.- 1. The Static Model.- 1.1. Fixed Wages.- 1.2. Flexible Wages.- 2. Given Money Growth.- 2.1. The Dynamic Model.- 2.2. Inflation and Wage Growth.- 2.3. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- Two. The World of Two Monetary Regions.- 1. The Static Model.- 1. Fixed Wages.- 2. Flexible Wages.- 2. Given Money Growth.- 1. The Dynamic Model.- 2. Inflation and Depreciation.- 2.1. Producer Inflation.- 2.2. Nominal Depreciation.- 2.3. Real Depreciation.- 2.4. Consumer Inflation.- 3. Wage Growth.- 3.1. Productivity Growth.- 3.2. Labour Growth.- 4. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- 1. Required Money Growth.- 1.1. The Dynamic Model.- 1.2. Required Money Growth.- 1.3. Nominal Depreciation.- 1.4. Nominal Interest Rates.- 1.5. Producer Inflation.- 2. Wage Growth.- 2.1. The Dynamic Model.- 2.2. Productivity Growth.- 2.3. Labour Growth.- 4. The Monetary Regions Differ in Size.- Three. The Monetary Union of Two Countries.- 1. The Static Model.- 1. Fixed Wages.- 2. Flexible Wages.- 2. Given Money Growth.- 1. The Dynamic Model.- 2. Inflation and Depreciation.- 2.1. Producer Inflation.- 2.2. Nominal Depreciation.- 2.3. Real Depreciation.- 2.4. Consumer Inflation.- 3. Wage Growth.- 3.1. Productivity Growth.- 3.2. Labour Growth.- 4. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- 1. The Dynamic Model.- 2. Required Money Growth.- 3. Wage Growth.- 4. The Union Countries Differ in Size.- Four. A One-Good Model of the World Economy.- 1. The World of Two Monetary Regions.- 1. The Static Model.- 2. The Dynamic Model.- 3. Inflation and Depreciation.- 4. Wage Growth.- 5. Nominal and Real Interest Rates.- 6. Target Inflation and Required Money Growth.- 2. The Monetary Union of Two Countries.- 1. The Static Model.- 2. The Dynamic Model.- 3. Given Money Growth.- 4. Target Inflation and Required Money Growth.- Five. Microfoundations for a Monetary Union.- 1. The World of Two Monetary Regions.- 1. The Approach.- 2. The Demand Functions of European Households.- 3. The Demand Functions of American Households.- 4. The Market for European Goods.- 5. The Market for American Goods.- 6. A First Model of Europe and America.- 7. The Consumption, Export and Import Functions of Europe.- 8. The Consumption, Export and Import Functions of America.- 9. A Second Model of Europe and America.- 2. The Monetary Regions Differ in Size.- 1. The Model.- 2. The Exact Solution.- 3. An Approximate Solution for the Small Monetary Region.- 3. The Large Monetary Union of Two Countries.- 1. The Approach.- 2. The Demand Functions of German Households.- 3. The Demand Functions of French Households.- 4. The Demand Functions of American Households.- 5. The Market for German Goods.- 6. The Market for French Goods.- 7. The Market for American Goods.- 8. A First Model of Germany, France and America.- 9. The Consumption, Export and Import Functions of Germany.- 10. The Consumption, Export and Import Functions of France.- 11. The Consumption, Export and Import Functions of America.- 12. A Second Model of Germany, France and America.- 4. The Small Monetary Union of Two Countries.- Synopsis.- 1. The World of Two Monetary Regions.- 1.1. Given Money Growth.- 1.2. Target Inflation and Required Money Growth.- 2. The Monetary Union of Two Countries.- 2.1. Given Money Growth.- 2.2. Target Inflation and Required Money Growth.- 3. A One-Good Model of the World Economy.- 3.1. The World of Two Monetary Regions.- 3.2. The Monetary Union of Two Countries.- Conclusion.- 1. The World of Two Monetary Regions.- 1.1. Given Money Growth.- 1.2. Target Inflation and Required Money Growth.- 1.3. The Monetary Regions Differ in Size.- 2. The Monetary Union of Two Countries.- 2.1. Given Money Growth.- 2.2. Target Inflation and Required Money Growth.- 2.3. The Union Countries Differ in Size.- 3. A One-Good Model of the World Economy.- 3.1. The World of Two Monetary Regions.- 3.2. The Monetary Union of Two Countries.- 4. Microfoundations for a Monetary Union.- 4.1. The World of Two Monetary Regions.- 4.2. The Monetary Union of Two Countries.- Result.- 1. The World of Two Monetary Regions.- 1.1. Given Money Growth.- 1.2. Target Inflation and Required Money Growth.- 2. The Monetary Union of Two Countries.- 2.1. Given Money Growth.- 2.2. Target Inflation and Required Money Growth.- Symbols.- A Brief Survey of the Literature.- References.

Michael Carlberg.

Michael Carlberg

Springer-Verlag (Berlin)

[Book]

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