Abstract
1) Introduction. For ease of exposition we make the following assumptions. The monetary union consists of two countries, say Germany and France The member countries are the same size and have the same behavioural functions. An increase in European money supply raises both German output and French output, to the same extent respectively. In the numerical example, an increase in European money supply of 100 causes an increase in German output of 100 and an increase in French output of equally 100.
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© 2007 Springer-Verlag Berlin Heidelberg
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(2007). Result. In: Macroeconomics of Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73633-2_31
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DOI: https://doi.org/10.1007/978-3-540-73633-2_31
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-73632-5
Online ISBN: 978-3-540-73633-2
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