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Monetary and Wage Policies in the Euro Area

  • Couverture cartonnée
  • 309 Nombre de pages
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This book studies the interactions between monetary and wage policies in the euro area. It carefully discusses the process of poli... Lire la suite
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Description

This book studies the interactions between monetary and wage policies in the euro area. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the European central bank, the American central bank, the German labour union, and the French labour union. As to policy cooperation, the focus is on the same institutions. These are higher-dimensional issues. The policy targets are price stability and full employment. The policy makers follow cold-turkey or gradualist strategies. The policy decisions are taken sequentially or simultaneously. Monetary and wage policies have spillover effects. Special features of this book are numerical simulations of policy competition and numerical solutions to policy cooperation. This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on competition between the European central bank, the American central bank, the German labour union, and the French labour union. As to policy cooperation, the focus is on the same institutions. Includes numerical simulations and solutions.

Texte du rabat

This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on competition between the European central bank, the American central bank, the German labour union, and the French labour union. As to policy cooperation, the focus is on the same institutions. Includes numerical simulations and solutions.



Contenu

Basic Models of a Monetary Union.- Monetary Interactions between Europe and America.- Wage Interactions between Germany and France.- Monetary and Wage Interactions: Intermediate Models.- Monetary and Wage Interactions: Advanced Models.- Rational Policy Expectations.

Informations sur le produit

Titre: Monetary and Wage Policies in the Euro Area
Auteur:
Code EAN: 9783642071980
ISBN: 978-3-642-07198-0
Format: Couverture cartonnée
Genre: Economie
nombre de pages: 309
Poids: g
Taille: H234mm x B234mm x T156mm
Année: 2010
Auflage: Softcover reprint of hardcover 1st ed. 2006

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