Bøger af Michael Carlberg

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An analysis of intertemporal macroeconomics. It examines the key areas of deficits, unemployment and growth, looking at closed economy and open economy.

CONTENTS INTRODUCTION 3 PART 1. FLEXIBLE EXCHANGE RATES 11 CHAPTER 1. BASIC MODEL 11 1. Flexible Money Wages 13 13 1. 1. Overlapping Generations 1. Short-Run Equilibrium and Long-Run Equilibrium 23 1. Stability 27 1. Fixed Money Wages 34 34 2. 1. Short-Run Equilibrium and Long-Run Equilibrium 39 2. Slow Money Wages 52 3. 1. 1.

This book explores the new macroeconomics of the European Monetary Union. Take for instance a shock or a policy measure in a specific union country. The targets of economic policy are full employment and price stability in each of the union of economic policy are monetary policy by the Euro countries.

This work deals with international growth, featuring the dynamics of foreign debt and domestic capital. It looks at the Solow model, the overlapping generations model and the infinite-horizon model. Phase diagrams serve to trace out the processes of adjustment induced by various shocks.

Das Buch befaßt sich mit dem Prozeß der deutschen Vereinigung. Im Mittelpunkt stehen die beiden großen Themen Kapitalbildung und Beschäftigung. Ausgehend vom gegenwärtigen Stand ist der Blick in die Zukunft gerichtet. Die Analyse stützt sich sowohl auf die neoklassische als auch auf die Keynesianische Theorie. Der Prozeß der deutschen Vereinigung erweist sich als höchst kompliziertes Phänomen. Trotzdem soll hier kein "Supermodell" konstruiert werden. Es wird vielmehr eine Reihe kleinerer Modelle betrachtet, die dazu dienen, verschiedene Aspekte herauszuarbeiten.

The analysis will be conducted within an IS-LM model augmen-ted by the dynamics of money wages, private capital andpublic debt.This in turn requires a dynamic path of monetary and fiscalpolicy: As a response to the shock, the central bankcontinuouslyadapts the quantity of money so as to keep upfull employment all the time.

This book studies the strategic policy interactions in a monetary union. It develops a series of basic, intermediate, and more advanced models and provides readers with a practical grasp of the macroeconomic principles necessary to understand a monetary union.

This volume studies the dynamics of monetary and fiscal interactions in Europe. The text focuses on sequential policy decisions, simultaneous and independent policy decisions, and policy cooperation.

In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. Second, it examines the scenario of a supply shock in Europe, in which monetary and fiscal interactions would have no effects on European unemployment or European inflation;

Using the Solow model, the overlapping general generations model and the infinite horizons model, this book explores the sustainability and optimality of public debt under three scenarios: the closed economy, the small open economy, and a two-country setting.

This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation.

This book studies the strategic interactions between monetary and fiscal policies in the world economy. It develops a series of basic, intermediate, and more advanced models.

Studies the international coordination of monetary and fiscal policies in the world economy. This book discusses the process of policy competition and the structure of policy cooperation.

Studying the causes and cures of inflation in a monetary union, this text discusses the effects of money growth and output growth on inflation, focusing on producer inflation, currency depreciation and consumer inflation. It also covers real depreciation and nominal and real interest rates.

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. It further gives a description of processes in a monetary union where different targets are pursued by various institutions.

Other parts were presented at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association in Klagenfurt, at the Pass au Workshop on International Economics, at the Halle Workshop on Monetary Economics, and at the Research Seminar on Macroeconomics in Freiburg.

Studies the interactions between monetary and fiscal policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. These are higher-dimensional issues. The policy targets are price stability and full employment. The policy makers follow cold-turkey or gradualist strategies.

Explores the scope and limit of macroeconomic policy in the monetary union. The focus is on pure policies, policy mixes and policy co-ordination. Special emphasis is put on wage shocks and wage restraint. Diagrams serve to illustrate the subject in hand.

This is what we've all been waiting for - a book that demystifies the European community's monetary union. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.

This text explores the new economics of monetary union. Amongst other things, it discusses the effects of shocks and policies on output and prices. A feature of the book is the numerical estimation of shock and policy multipliers.

It carefully discusses the process of policy competition and the structure of policy cooperation. Similarly, as to policy cooperation, the focus is on cooperation between the union central bank, the German government, and the French government.