© 2007

Macroeconomics of Monetary Union


Table of contents

  1. Front Matter
    Pages I-XVI
  2. Introduction

    1. Pages 1-8
  3. Monetary and Fiscal Policies Basic Models

  4. Monetary and Fiscal Policies Intermediate Models

  5. Monetary and Fiscal Policies The Case of Three Countries

  6. Monetary and Wage Policies Basic Models

  7. Monetary and Wage Policies Intermediate Models

  8. Monetary and Wage Policies The Case of Three Countries

    1. Front Matter
      Pages 179-179
  9. Monetary, Fiscal and Wage Policies

  10. Synopsis

    1. Pages 221-227
  11. Conclusion

    1. Pages 229-252
  12. Result

    1. Pages 253-259
  13. Back Matter
    Pages 261-284

About this book


This book, unlike other books, provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. By definition, a monetary union is a group of countries that share a common currency. The most important case in point is the Euro area. Policy makers are the central bank, national governments, and national labour unions. Policy targets are price stability and full employment. Policy makers follow cold-turkey or gradualist strategies. Policy decisions are taken sequentially or simultaneously. The countries can differ in size or behaviour. Policy expectations are adaptive or rational. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.   


Euro European Monetary Union Fiscal Policy International Policy Coordination Macroeconomics Monetary Policy Monetary Union Simulation Unions Wage Policy

Authors and affiliations

  1. 1.Helmut Schmidt UniversityFederal University of HamburgHamburgGermany

Bibliographic information

Industry Sectors
Finance, Business & Banking