Inflation and Unemployment in a Monetary Union

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 prim...

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Principais autores: Carlberg, Michael., SpringerLink (Online service)
Formato: Digital
Publicado em:
Assuntos:
Relações econômicas internacionais.
Macroeconomia.
Economia.
Endereço do item:http://dx.doi.org/10.1007/978-3-540-79301-4
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spelling oai:localhost:123456789-1301062023-07-17T15:09:19Z Inflation and Unemployment in a Monetary Union Carlberg, Michael. SpringerLink (Online service) Relações econômicas internacionais. Macroeconomia. Economia. 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? 0 2022-10-06T07:59:12Z 2022-10-06T07:59:12Z 2008. Digital 339.9 C278i 9783540793014 198664 http://dx.doi.org/10.1007/978-3-540-79301-4 http://dx.doi.org/10.1007/978-3-540-79301-4
institution Acervo SISBI
collection SIGAA
topic Relações econômicas internacionais.
Macroeconomia.
Economia.
spellingShingle Relações econômicas internacionais.
Macroeconomia.
Economia.
Carlberg, Michael.
SpringerLink (Online service)
Inflation and Unemployment in a Monetary Union
description 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?
format Digital
author Carlberg, Michael.
SpringerLink (Online service)
author_facet Carlberg, Michael.
SpringerLink (Online service)
author_sort Carlberg, Michael.
title Inflation and Unemployment in a Monetary Union
title_short Inflation and Unemployment in a Monetary Union
title_full Inflation and Unemployment in a Monetary Union
title_fullStr Inflation and Unemployment in a Monetary Union
title_full_unstemmed Inflation and Unemployment in a Monetary Union
title_sort inflation and unemployment in a monetary union
publishDate 2022
url http://dx.doi.org/10.1007/978-3-540-79301-4
work_keys_str_mv AT carlbergmichael inflationandunemploymentinamonetaryunion
AT springerlinkonlineservice inflationandunemploymentinamonetaryunion
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