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Unemployment and Inflation in Economic Crises

  • Michael Carlberg

Table of contents

  1. Front Matter
    Pages 1-1
  2. Michael Carlberg
    Pages 1-10
  3. Monetary Interaction between Europe and America

    1. Front Matter
      Pages 11-11
    2. Michael Carlberg
      Pages 13-31
    3. Michael Carlberg
      Pages 32-54
    4. Michael Carlberg
      Pages 55-66
  4. Monetary Cooperation between Europe and America

    1. Front Matter
      Pages 67-67
    2. Michael Carlberg
      Pages 69-80
    3. Michael Carlberg
      Pages 81-94
    4. Michael Carlberg
      Pages 95-102
  5. Fiscal Interaction between Europe and America

    1. Front Matter
      Pages 103-103
    2. Michael Carlberg
      Pages 105-108
  6. Fiscal Cooperation between Europe and America

    1. Front Matter
      Pages 127-127
    2. Michael Carlberg
      Pages 129-130
  7. Monetary and Fiscal Interaction between Europe and America: Cold-Turkey Policies

    1. Front Matter
      Pages 141-141
    2. Michael Carlberg
      Pages 143-166
    3. Michael Carlberg
      Pages 167-191
  8. Monetary and Fiscal Interaction between Europe and America: Gradualist Policies

  9. Monetary and Fiscal Cooperation between Europe and America

    1. Front Matter
      Pages 231-231
  10. Back Matter
    Pages 249-249

About this book

Introduction

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and European government purchases. These monetary and fiscal interactions would have no effects on the American economy. Second, it examines the scenario of a supply shock in Europe, in which monetary and fiscal interactions would have no effects on European unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the European money supply. Monetary and fiscal interactions would produce uniform oscillations in American unemployment and American inflation. Lastly, we would also see an implosion of both the American money supply and American government purchases.

Keywords

Dynamic Interactions Inflation and Unemployment International Economy Monetary and Fiscal Policies Policy Cooperation

Authors and affiliations

  • Michael Carlberg
    • 1
  1. 1.Universität der Bundeswehr Hamburg, FB Wirtsch.-u.Organisationswissensch.Helmut-Schmidt-UniversitätHamburgGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-28018-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 2012
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-28017-7
  • Online ISBN 978-3-642-28018-4
  • Buy this book on publisher's site
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