Abstract
The world economy consists of two monetary regions, say Europe and America. The monetary regions are the same size and have the same behavioural functions. The targets of policy cooperation are zero inflation in Europe, zero inflation in America, zero unemployment in Europe, and zero unemployment in America.
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© 2012 Springer-Verlag Berlin Heidelberg
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Carlberg, M. (2012). Chapter 1 Monetary and Fiscal Cooperation: The Model. In: Unemployment and Inflation in Economic Crises. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28018-4_17
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DOI: https://doi.org/10.1007/978-3-642-28018-4_17
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