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Macroeconomic Analysis Of Monetary Unions A General Framework Based On The Mundellfleming Model 1st Edition Oscar Bajorubio

  • SKU: BELL-11847544
Macroeconomic Analysis Of Monetary Unions A General Framework Based On The Mundellfleming Model 1st Edition Oscar Bajorubio
$ 31.00 $ 45.00 (-31%)

4.0

76 reviews

Macroeconomic Analysis Of Monetary Unions A General Framework Based On The Mundellfleming Model 1st Edition Oscar Bajorubio instant download after payment.

Publisher: Springer-Verlag Berlin Heidelberg
File Extension: PDF
File size: 1.3 MB
Pages: 50
Author: Oscar Bajo-Rubio, Carmen Díaz-Roldán (auth.)
ISBN: 9783642194443, 9783642194450, 3642194443, 3642194451
Language: English
Year: 2011
Edition: 1

Product desciption

Macroeconomic Analysis Of Monetary Unions A General Framework Based On The Mundellfleming Model 1st Edition Oscar Bajorubio by Oscar Bajo-rubio, Carmen Díaz-roldán (auth.) 9783642194443, 9783642194450, 3642194443, 3642194451 instant download after payment.

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.

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