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Economics/Finances Monetary and Fiscal Strategies in the World Economy

Posted on 2010-03-16




Name:Economics/Finances Monetary and Fiscal Strategies in the World Economy
ASIN/ISBN:3642104754
Language:English
File size:1.5 Mb
Publish Date: 2010
ISBN: 3642104754
Pages: 306 pages
File Type: PDF
File Size: 1,5 MB
Other Info: Springer
   Economics/Finances Monetary and Fiscal Strategies in the World Economy

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Michael Carlberg, "Monetary and Fiscal Strategies in the World Economy"

This book studies the strategic interactions between monetary and fiscal policies in the world economy. The world economy consists of two regions, say Europe and America. The policy makers are the central banks and the governments. The policy targets are low inflation, low unemployment, and low structural deficits. There are demand shocks, supply shocks, and mixed shocks. There are regional shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.

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