An Economic Analysis of Monetary Union

Contenu

One. The Small Union as a Whole.- 1. Fixed Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Fiscal Policy.- 4. Wage Shocks.- 5. Productivity Shocks.- 6. Summary.- 2. Flexible Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Fiscal Policy.- 4. Labour Supply Shocks.- 5. Productivity Shocks.- 6. Summary.- 3. Slow Money Wages.- 1. Producer Price Inflation.- 1.1. The Model.- 1.2. Some Shocks.- 1.3. Extensions.- 2. Consumer Price Inflation.- 2.1. The Model.- 2.2. Monetary Shocks.- 3. Summary.- Two. The Small Union of Two Countries.- 1. Fixed Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Fiscal Policy.- 4. Wage Shocks.- 5. Productivity Shocks.- 6. Summary.- 2. Flexible Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Fiscal Policy.- 4. Labour Supply Shocks.- 5. Productivity Shocks.- 6. Summary.- 3. Fixed Money Wages in Germany, Flexible Money Wages in France.- 1. The Model.- 2. Monetary Policy in the Union.- 3. Fiscal Policy in Germany.- 4. Fiscal Policy in France.- 5. Wage Shocks in Germany.- 6. Labour Supply Shocks in France.- 7. Summary.- 4. Slow Money Wages.- 1. The Model.- 2. Some Shocks.- 3. Required Monetary Policy.- 4. Downwards Sticky Wages.- 5. Summary.- 5. Different Behavioural Functions.- 1. Fixed Money Wages.- 1.1. The Model.- 1.2. Different Income Sensitivities of Money Demand.- 1.3. Different Consumption Rates.- 1.4. Different Degrees of Openness.- 1.5. Summary.- 2. Flexible Money Wages.- 2.1. The Model.- 2.2. Different Income Sensitivities of Money Demand.- 2.3. Different Consumption Rates.- 2.4. Different Degrees of Openness.- 2.5. Summary.- Three. The World as a Whole.- 1. Fixed Money Wages.- 1. The Model.- 2. Investment Shocks.- 3. Monetary Policy.- 4. Wage Shocks.- 5. Productivity Shocks.- 6. Summary.- 2. Flexible Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Investment Shocks.- 4. Labour Supply Shocks.- 5. Productivity Shocks.- 6. Summary.- Four. The World of Two Regions.- 1. Fixed Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Investment Shocks.- 4. Wage Shocks.- 5. Productivity Shocks.- 6. Summary.- 2. Flexible Money Wages.- 1. The Model.- 2. Monetary Policy.- 3. Investment Shocks.- 4. Labour Supply Shocks.- 5. Productivity Shocks.- 6. Summary.- 3. Fixed Money Wages in Europe, Flexible Money Wages in America.- 1. The Model.- 2. Monetary Policy in Europe.- 3. Monetary Policy in America.- 4. Investment Shocks in Europe.- 5. Investment Shocks in America.- 6. Wage Shocks in Europe.- 7. Labour Supply Shocks in America.- 8. Summary.- Conclusion.- 1. The Small Union as a Whole.- 1.1. Fixed Money Wages.- 1.2. Flexible Money Wages.- 1.3. Slow Money Wages.- 2. The Small Union of Two Countries.- 2.1. Fixed Money Wages.- 2.2. Flexible Money Wages.- 2.3. Fixed Money Wages in Germany, Flexible Money Wages in France.- 2.4. Slow Money Wages.- 2.5. Different Behavioural Functions.- 3. The World as a Whole.- 3.1. Fixed Money Wages.- 3.2. Flexible Money Wages.- 4. The World of Two Regions.- 4.1. Fixed Money Wages.- 4.2. Flexible Money Wages.- 4.3. Fixed Money Wages in Europe, Flexible Money Wages in America.- Result.- 1. The Small Union as a Whole.- 1.1. Fixed Money Wages.- 1.2. Flexible Money Wages.- 2. The Small Union of Two Countries.- 2.1. Fixed Money Wages.- 2.2. Flexible Money Wages.- 3. The World of Two Regions.- 3.1. Fixed Money Wages.- 3.2. Flexible Money Wages.- Symbols.- Brief Survey of the Literature.- References.