LIBROS DEL AUTOR: michael carlberg

21 resultados para LIBROS DEL AUTOR: michael carlberg

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  • Sustainability and Optimality of Public Debt
    Arne Hansen / Michael Carlberg
    This book studies the sustainability and optimality of public debt under different scenarios: the closed economy, the small open economy, and a two-country setting. Sustainability refers to the existence and the stability of the long-run equilibrium. Optimality relates to the path of public debt that maximizes discounted utility. The analysis is conducted within the framework o...
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    134,37 €

  • Monetary and Fiscal Strategies in the World Economy
    Michael Carlberg
    This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There...
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    133,78 €

  • Dynamic Policy Interactions in a Monetary Union
    Michael Carlberg
    This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus ...
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    133,59 €

  • Economic Policy in a Monetary Union
    Michael Carlberg
    This book explores the scope and limits of macroeconomic policy in a monetary union. The focus is on pure policies, policy mixes, and policy coordination. The leading protagonists are the union central bank, national governments, and national trade unions. Special emphasis is put on wage shocks and wage restraint. This book develops a series of basic,...
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    133,81 €

  • Policy Competition and Policy Cooperation in a Monetary Union
    Michael Carlberg
    European monetary unification seems to be one of the most important events in international monetary affairs since the breakdown of Bretton Woods. It pos es a major challenge to central banks, governments, and labour unions. It opens up new fields of economic research that are both intriguing and fascinating. European Monetary Union amounts to a switc...
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    133,84 €

  • An Economic Analysis of Monetary Union
    Michael Carlberg
    This book explores the new economics of monetary UnIon. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible ...
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    133,98 €

  • Inflation in a Monetary Union
    Michael Carlberg
    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 determi...
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    133,76 €

  • Monetary and Fiscal Policies in the Euro Area
    Michael Carlberg
    Monetary Competition between Europe and America.- Monetary Cooperation between Europe and America.- Fiscal Interactions between Germany and France: Fiscal Competition between Germany and France.- Fiscal Cooperation between Germany and France.- Monetary and Fiscal Interactions: Intermediate Models: Competition between European Central Bank, German Government, and French Governme...
    Disponible

    195,32 €

  • Policy Coordination in a Monetary Union
    Michael Carlberg
    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 the union central bank, the German government, and the French government. Similarly, as to policy...
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    133,91 €

  • Macroeconomics of Monetary Union
    Michael Carlberg
    Introduction.- Monetary and Fiscal Policies: Basic Models: Monetary Policy in Europe.- Fiscal Policies in Germany and France.- Competition between European Central Bank, German Government, and French Government.- Cooperation between European Central Bank, German Government, and French Government.- Monetary and Fiscal Policies: Intermediate Models: Simultaneous Decisions: Cold-T...
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    207,64 €

  • Inflation and Unemployment in a Monetary Union
    Michael Carlberg
    The Rate of Inflation.- Monetary Policy in Europe.- Fiscal Policies in Germany and France.- Central Bank and Governments Decide Sequentially.- Central Bank and Governments Cooperate.- The Countries Differ in Size.- The Countries Differ in Behaviour.- The Monetary Union of Three Countries.- The Rate of Unemployment.- Monetary Policy in Europe.- Fiscal Policies in Germany and Fra...
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    183,25 €

  • Strategic Policy Interactions in a Monetary Union
    Michael Carlberg
    The Monetary Union as a Whole:Absence of a Deficit Target.- Monetary Policy A.- Monetary Policy B.- Fiscal Policy A.- Fiscal Policy B.- Interaction between Central Bank and Government.- Cooperation between Central Bank and Government.- Interaction between Central Bank and Government:A Special Case.- The Monetary Union as a Whole:Presence of a Deficit Target.- Fiscal Policy A.- ...
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    185,39 €

  • Monetary and Wage Policies in the Euro Area
    Michael Carlberg
    This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on competition between the European central bank, the American central bank, the German labour union, and the French labo...
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    195,23 €

  • International Economic Policy Coordination
    Michael Carlberg
    This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary and fiscal competition between Europe and America. Similarly, as to policy cooperation, the focus is ...
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    207,51 €

  • European Monetary Union
    Michael Carlberg
    This book explores the new macroeconomics of the European Monetary Union. It carefully discusses the effects of shocks and policy measures on em­ ployment, prices, and the current account. Take for instance a shock or a policy measure in a specific union country. Then what will be the results in the specific country, in the other union countries, and ...
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    66,35 €

  • Intertemporal Macroeconomics
    Carlberg / Michael Carlberg
    This book is concerned with the long-run effects of budgetary and financial policy on aggregate demand and supply. Here the long run is characterized by the accumulation of public debt and foreign assets. This gives rise to a number of questions. Will the long-run equilibrium be stable? What does long-run instabi­ lity imply? Is the long-run multiplie...
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    132,88 €

  • International Economic Growth
    Michael Carlberg
    We live in a world where capital is free to move. Increasingly this determines the pattern of international growth. Savings are invested in the country yielding the highest return, thus adding to its stock of capital. This development is espe­ cially true of common markets such as the European Union, which are based on free trade and financial opennes...
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    66,59 €

  • Deutsche Vereinigung, Kapitalbildung und Beschäftigung
    Michael Carlberg
    Das Buch befaßt sich mit dem Prozeß der deutschen Vereinigung. Im Mittelpunkt stehen die beiden großen Themen Kapitalbildung und Beschäftigung. Ausgehend vom gegenwärtigen Stand ist der Blick in die Zukunft gerichtet. Die Analyse stützt sich sowohl auf die neoklassische als auch auf die Keynesianische Theorie. Der Prozeß der deutschen Vereinigung erwe...
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    72,71 €

  • Makroökonomische Szenarien für das vereinigte Deutschland
    Michael Carlberg
    Das Buch befaßt sich mit theoretischen Untersuchungen zur deutschen Vereinigung. Zwei Fragen stehen dabei im Mittelpunkt: Welcher makroökonomische Anpassungsprozeß wird durch die deutsche Vereinigung ausgelöst? Und wie kann die Wirtschaftspolitik diesen Prozeß unterstützen? Neben der kurzen Frist geht es vor allem um die mittelfristigen und langfristi...
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    72,74 €

  • Open Economy Dynamics
    Michael Carlberg
    The focus is on the inter action between demand and supply in a small open economy featuring the dynamics of private capital, public debt and foreign assets. The overlapping generations model serves as a microfoundation. It proves useful to consider different scenarios. Exchange rates are either flexible or fixed. Money wages can be flexible, fixed or...
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    67,79 €

  • Monetary and Fiscal Dynamics
    Michael Carlberg
    The analysis will be conducted within an IS-LM model augmen- ted by the dynamics of money wages, private capital and public debt. A macroeconomic shock induces an extended process of adjustment that is characterized by unemployment. This in turn requires a dynamic path of monetary and fiscal policy: As a response to the shock, the ce...
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    134,34 €