000 02710nam a22004815i 4500
001 978-3-642-19445-0
003 DE-He213
005 20140220083756.0
007 cr nn 008mamaa
008 110506s2011 gw | s |||| 0|eng d
020 _a9783642194450
_9978-3-642-19445-0
024 7 _a10.1007/978-3-642-19445-0
_2doi
050 4 _aHB1-846.8
072 7 _aKCA
_2bicssc
072 7 _aBUS069030
_2bisacsh
082 0 4 _a330.1
_223
100 1 _aBajo-Rubio, Oscar.
_eauthor.
245 1 0 _aMacroeconomic Analysis of Monetary Unions
_h[electronic resource] :
_bA General Framework Based on the Mundell-Fleming Model /
_cby Oscar Bajo-Rubio, Carmen Díaz-Roldán.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2011.
300 _aVII, 50p. 10 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Economics
505 0 _aIntroduction -- The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis -- The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis -- Conclusions -- Appendix.
520 _aThe 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.
650 0 _aEconomics.
650 0 _aInternational economics.
650 0 _aMacroeconomics.
650 1 4 _aEconomics/Management Science.
650 2 4 _aEconomic Theory.
650 2 4 _aMacroeconomics/Monetary Economics.
650 2 4 _aInternational Economics.
700 1 _aDíaz-Roldán, Carmen.
_eauthor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642194443
830 0 _aSpringerBriefs in Economics
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-19445-0
912 _aZDB-2-SBE
999 _c107552
_d107552