Inflation in a Monetary Union
Edition: 1 edition
Publisher: Springer
Published: August 5, 2002
Language: eng
Format: Hardcover
Number of pages: 321
ISBN-13: 9783540433590
Subjects: Monetary economics; United States; Mathematical models; Europe; European Economic Community; Monetary Fluctuations; Monetary unions; Business & Economics; Business / Economics / Finance; International - General; Business/Economics; Developing countries; Accounting - General; Economics - General; Economics - Macroeconomics; Inflation; Business & Economics / Macroeconomics; Consumer; Interest Rates; Monetary Union; Money & Monetary Policy; Public Policy - Economic Policy; Inflation (Finance)
First sentence: Understanding the closed economy is helpful in understanding the world of two monetary regions as well as the monetary union of two countries.
Description: "This book studies the causes and cures of inflation in a monetary union. It carefully discusses the effects of money growth and output growth on inflation. The focus is on producer inflation, currency depreciation and consumer inflation. For instance, what determines the rate of consumer inflation in Europe, and what in America? Moreover, what determines the rate of consumer inflation in Germany, and what in France? Further topics are real depreciation, nominal and real interest rates, the growth of nominal wages, the growth of producer real wages, and the growth of consumer real wages. Here productivity growth and labour growth play significant roles. Another important issue is target inflation and required money growth.

A special feature of this book is the numerical estimation of shock and policy multipliers."--Cover.