Macroeconomic Analysis of Monetary Unions A General Framework Based on the Mundell-Fleming Model /

• Main Authors: Bajo-Rubio, Oscar (Author), Díaz-Roldán, Carmen (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, 2011.
• Series: SpringerBriefs in Economics,
• Subjects: Economic theory.; Macroeconomics.; International economics.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Macroeconomics/Monetary Economics//Financial Economics.; International Economics.

The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that...

Table of Contents:

• Introduction
• The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis
• The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis
• Conclusions
• Appendix.