Abstract
1) The static model is the same as before.
2) The dynamic model. The target of the European central bank is to cut European inflation by 25 percent. The target of the American central bank is to cut American inflation by 25 percent. The target of the European government is to cut European unemployment by 25 percent. And the target of the American government is to cut American unemployment by 25 percent.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Carlberg, M. (2012). Chapter 2 Monetary and Fiscal Interaction: Closing the Gaps by 25 Percent. In: Unemployment and Inflation in Economic Crises. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28018-4_15
Download citation
DOI: https://doi.org/10.1007/978-3-642-28018-4_15
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-28017-7
Online ISBN: 978-3-642-28018-4
eBook Packages: Business and EconomicsEconomics and Finance (R0)