This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. It further gives a description of processes in a monetary union where different targets are pursued by various institutions.
By definition, a monetary union is a group of countries that share a common currency. The most important case in point is the Euro area. This book offers readers with a practical grasp of the macroeconomic principles useful to understand a monetary union.
Studies the international coordination of monetary and fiscal policies in the world economy. This book discusses the process of policy competition and the structure of policy cooperation.
This book studies the sustainability and optimality of public debt under different scenarios: the closed economy, the small open economy, and a two-country... Læs mere
This book studies the strategic interactions between monetary and fiscal policies in the world economy. It develops a series of basic, intermediate, and more advanced models.