Macroeconomic Analysis of Monetary Unions is popular PDF and ePub book, written by Oscar Bajo-Rubio in 2011-05-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Macroeconomic Analysis of Monetary Unions can be Read Online from any device for your convenience.
Macroeconomic Analysis of Monetary Unions Book PDF Summary
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.
Detail Book of Macroeconomic Analysis of Monetary Unions PDF
- Author : Oscar Bajo-Rubio
- Release : 06 May 2011
- Publisher : Springer Science & Business Media
- ISBN : 9783642194450
- Genre : Business & Economics
- Total Page : 53 pages
- Language : English
- PDF File Size : 17,9 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Macroeconomic Analysis of Monetary Unions by Oscar Bajo-Rubio, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.