Overview

This book studies the causes and cures of inflation in a monetary union. It carefully discusses the effects of money growth and output growth on inflation. The focus is on producer inflation, currency depreciation and consumer inflation. For instance, what determines the rate of consumer inflation in Europe, and what in America? Moreover, what determines the rate of consumer inflation in Germany, and what in France? Further topics are real depreciation, nominal and real interest rates, the growth of nominal wages, the growth of producer real wages, and the growth of consumer real wages. Here productivity growth and labour growth play significant roles. Another important issue is target inflation and required money growth. A special feature of this book is the numerical estimation of shock and policy multipliers.

Full Product Details

Author:   Michael Carlberg
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   Softcover reprint of hardcover 1st ed. 2002
Dimensions:   Width: 15.50cm , Height: 1.70cm , Length: 23.50cm
Weight:   0.498kg
ISBN:  

9783642077692

ISBN 10:   3642077692
Pages:   305
Publication Date:   05 December 2010
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

One. The Closed Economy.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- Two. The World of Two Monetary Regions.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- 4. The Monetary Regions Differ in Size.- Three. The Monetary Union of Two Countries.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- 4. The Union Countries Differ in Size.- Four. A One-Good Model of the World Economy.- 1. The World of Two Monetary Regions.- 2. The Monetary Union of Two Countries.- Five. Microfoundations for a Monetary Union.- 1. The World of Two Monetary Regions.- 2. The Monetary Regions Differ in Size.- 3. The Large Monetary Union of Two Countries.- 4. The Small Monetary Union of Two Countries.- Synopsis.- Conclusion.- Result.- Symbols.- A Brief Survey of the Literature.- References.

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