Abstract
1) Introduction. As a starting point, take the output model. It can be represented by a system of two equations:
Here Y1 denotes German output, Y2 is French output, M is European money supply, G1 is German government purchases, G2 is French government purchases, α is the monetary policy multiplier, and β is the fiscal policy multiplier. The endogenous variables are German output and French output.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2007 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
(2007). Cooperation between European Central Bank, German Government, and French Government. In: Macroeconomics of Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73633-2_5
Download citation
DOI: https://doi.org/10.1007/978-3-540-73633-2_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-73632-5
Online ISBN: 978-3-540-73633-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)