دانلود کتاب Inflation and Unemployment in a Monetary Union

Name: Inflation and Unemployment in a Monetary Union
Availability: InStock
Author: Professor Dr. Michael Carlberg (auth.)
ISBN: 9783540793007, 9783540793014

by Professor Dr. Michael Carlberg (auth.)

عنوان فارسی: تورم و بیکاری در اتحادیه پولی
ناشر: Springer-Verlag Berlin Heidelberg
سال: 2008
ویرایش: 1
زبان: انگلیسی
تعداد صفحه (نسخه چاپی - نسخه الکترونیکی): 243-250
شابک: 9783540793007, 9783540793014
نوع فایل: PDF دانلود نرم افزار مطالعه
حجم: 2.00 مگابایت

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جزییات کتاب

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions?

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