TY  - GEN
TY  - GEN
T1  - Macroeconomic Analysis of Monetary Unions A General Framework Based on the Mundell-Fleming Model
T2  - SpringerBriefs in Economics,
A1  - Bajo-Rubio, Oscar.
A2  - Díaz-Roldán, Carmen.
LA  - English
PP  - Berlin, Heidelberg
PB  - Springer Berlin Heidelberg : Imprint: Springer
YR  - 2011
ED  - 1st ed. 2011.
UL  - http://discoverylib.upm.edu.my/discovery/Record/978-3-642-19445-0
AB  - 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 the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.
OP  - 50
CN  - HB1-846.8
SN  - 9783642194450
KW  - Economic theory.
KW  - Macroeconomics.
KW  - International economics.
KW  - Economic Theory/Quantitative Economics/Mathematical Methods.
KW  - Macroeconomics/Monetary Economics//Financial Economics.
KW  - International Economics.
ER  -