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Policy Coordination in a Monetary Union Book

Policy Coordination in a Monetary Union
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Policy Coordination in a Monetary Union, A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between, Policy Coordination in a Monetary Union
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  • Policy Coordination in a Monetary Union
  • Written by author Carlberg, Michael
  • Published by Springer-Verlag New York, LLC, 12/3/2010
  • A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between
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Introduction 1
Pt. 1 The Small Monetary Union of Two Countries 15
Ch. 1 The Basic Model 16
Ch. 2 Monetary Policy in the Union 23
Ch. 3 Fiscal Competition between Germany and France 27
Ch. 4 Fiscal Cooperation between Germany and France 39
Ch. 5 Competition between the Union Central Bank, the German Government, and the French Government 44
Ch. 6 Cooperation between the Union Central Bank, the German Government, and the French Government 53
Ch. 7 Competition between the German Labour Union and the French Labour Union 60
Ch. 8 Cooperation between the German Labour Union and the French Labour Union 69
Ch. 9 Competition between the Central Bank, the German Labour Union, and the French Labour Union 74
Ch. 10 Cooperation between the Central Bank, the German Labour Union, and the French Labour Union 81
Ch. 11 Inflation in Germany and France 88
Pt. 2 The World of Two Monetary Regions 97
Ch. 1 The Basic Model 98
Ch. 2 Monetary Competition between Europe and America 111
Ch. 3 Monetary Cooperation between Europe and America 124
Ch. 4 Fiscal Competition between Europe and America 131
Ch. 5 Fiscal Cooperation between Europe and America 143
Pt. 3 The Large Monetary Union of Two Countries 149
Ch. 1 The Basic Model 150
Ch. 2 Fiscal Competition between Germany and France 159
Ch. 3 Fiscal Cooperation between Germany and France 169
Ch. 4 Competition between the European Central Bank, the German Government, and the French Government 175
Ch. 5 Cooperation between the European Central Bank, the German Government, and the French Government 184
Pt. 4 Rational Policy Expectations 191
Ch. 1 The Small Monetary Union of Two Countries 192
Ch. 2 The World of Two Monetary Regions 196
Ch. 3 The Large Monetary Union of Two Countries 203
Synopsis 209
Conclusion 213
Result 245
Symbols 253
A Brief Survey of the Literature 255
References 259
Index 271


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Policy Coordination in a Monetary Union, A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between, Policy Coordination in a Monetary Union

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