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This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The European central bank has a quadratic loss function. The same applies to the German government and the French government. The key questions are: To what extent can the sequential process of monetary and fiscal decisions reduce the loss caused by inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal decisions?

Monetary unions. --- Inflation (Finance) --- Unemployment. --- Fiscal policy. --- Monetary policy. --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- Finance --- Natural rate of unemployment --- Tax policy --- Taxation --- Finance, Public --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Government policy --- Macroeconomics. --- Labor economics. --- International economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Labor Economics. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Economics

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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.

Economics/Management Science. --- Macroeconomics/Monetary Economics. --- International Economics. --- Economic Policy. --- Economics. --- Economic policy. --- International economics. --- Macroeconomics. --- Economie politique --- Politique économique --- Macroéconomie --- Monetary policy. --- Fiscal policy. --- Globalization --- International economic relations. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Tax policy --- Taxation --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Economic aspects. --- Government policy --- E-books --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 333.820 --- 333.846.0 --- 336.401 --- 336.61 --- 331.31 --- 331.060 --- Monetary policy --- Fiscal policy --- -International economic relations --- 339.5 --- Global cities --- Globalisation --- Internationalization --- Anti-globalization movement --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Verband tussen begrotingspolitiek en economische evolutie. --- Financieel beleid. --- Economisch beleid. --- Beïnvloeding van de economische bewegingen: algemeenheden. --- Economic aspects --- International economic relations --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Verband tussen begrotingspolitiek en economische evolutie --- Financieel beleid --- Economisch beleid --- Beïnvloeding van de economische bewegingen: algemeenheden

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This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit. There are demand shocks, supply shocks, and mixed shocks. There are country-specific 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. .

Monetary policy -- European Union countries. --- Monetary policy. --- Monetary unions -- European Union countries. --- Monetary unions. --- International Finance --- Money --- Finance --- Business & Economics --- Monetary unions --- -Monetary policy --- -Deficit financing --- -332.4566094 --- Compensatory spending --- Deficit spending --- Financing, Deficit --- Budget deficits --- Debts, Public --- Finance, Public --- Full employment policies --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Electronic information resources --- European Central Bank --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- Electronic information resources. --- E-books --- Monetary policy --- Macroeconomics. --- International economics. --- Economic policy. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economic Policy. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy

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This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?

Economics. --- International economics. --- Labor economics. --- Macroeconomics. --- Monetary unions --- Monetary policy --- Business & Economics --- Finance --- Economic Theory --- International Finance --- Money. --- Monetary unions. --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Macroeconomics/Monetary Economics//Financial Economics. --- International Economics. --- Labor Economics. --- Currency question --- Money --- Exchange --- Value --- Banks and banking --- Coinage --- Gold --- Silver --- Silver question --- Wealth --- Economics --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Europäische Union.

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politique des salaires --- politique fiscale --- politique monetaire --- situation economique --- union monetaire --- 333.431 --- AA / International- internationaal --- Monetary policy --- -Monetary unions --- -332.4566094 --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Monetary management --- Economic policy --- Currency boards --- Money supply --- loonpolitiek --- fiscaal beleid --- monetair beleid --- economische toestand --- monetaire unie --- Monetaire Unies. --- European Union countries --- -EU countries --- Euroland --- Europe --- Monetary unions --- -Economic policy --- 332.4566094 --- Monetaire Unies --- Economic policy. --- Macroeconomics. --- International economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Economics