Inflation in a Monetary Union

by Michael Carlberg

This book studies the causes and cures of inflation in a monetary union. It carefully discusses the effects of money growth and output growth on inflation. The focus is on producer inflation, currency depreciation and consumer inflation. For instance, what determines the rate of consumer inflation in Europe, and what in America? Moreover, what determines the rate of consumer inflation in Germany, and what in France? Further topics are real depreciation, nominal and real interest rates, the growth of nominal wages, the growth of producer real wages, and the growth of consumer real wages. Here productivity growth and labour growth play significant roles. Another important issue is target inflation and required money growth. A special feature of this book is the numerical estimation of shock and policy multipliers

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Year of publication:	2002
Authors:	Carlberg, Michael
Publisher:	Berlin, Heidelberg : Springer Berlin Heidelberg
Subject:	Inflation \| Währungsunion \| Monetary union \| Geldpolitik \| Monetary policy \| Kleine offene Volkswirtschaft \| Small open economy \| Eurozone \| Euro area
Description of contents:	Table of Contents [gbv.de]

Extent:	Online-Ressource (XV, 305 p) online resource
Type of publication:	Book / Working Paper
Language:	English
Notes:	One. The Closed Economy1. The Static Model -- 2. Given Money Growth -- 3. Target Inflation and Required Money Growth -- Two. The World of Two Monetary Regions -- 1. The Static Model -- 2. Given Money Growth -- 3. Target Inflation and Required Money Growth -- 4. The Monetary Regions Differ in Size -- Three. The Monetary Union of Two Countries -- 1. The Static Model -- 2. Given Money Growth -- 3. Target Inflation and Required Money Growth -- 4. The Union Countries Differ in Size -- Four. A One-Good Model of the World Economy -- 1. The World of Two Monetary Regions -- 2. The Monetary Union of Two Countries -- Five. Microfoundations for a Monetary Union -- 1. The World of Two Monetary Regions -- 2. The Monetary Regions Differ in Size -- 3. The Large Monetary Union of Two Countries -- 4. The Small Monetary Union of Two Countries -- Synopsis -- Conclusion -- Result -- Symbols -- A Brief Survey of the Literature -- References.
ISBN:	978-3-540-24759-3 ; 978-3-642-07769-2
Other identifiers:	10.1007/978-3-540-24759-3 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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