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Book Cover
E-book
Author Carlberg, Michael

Title Monetary and fiscal strategies in the world economy / Michael Carlberg
Published Heidelberg ; New York : Springer, ©2010

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Description 1 online resource (xii, 306 pages)
Contents Introduction -- The Closed Economy: Absence of a Deficit Target -- The Closed Economy: Presence of a Deficit Target -- Monetary Policies in Europe and America -- Fiscal Policies in Europe and America: Absence of a Deficit Target -- Fiscal Policies in Europe and America: Presence of a Deficit Target -- Monetary and Fiscal Policies in Europe and America: Absence of a Deficit Target -- Monetary and Fiscal Policies in Europe and America: Presence of a Deficit Target
Summary "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."--Jacket
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Monetary policy.
Fiscal policy.
Globalization -- Economic aspects
International economic relations.
globalism.
BUSINESS & ECONOMICS -- Money & Monetary Policy.
Politique monétaire.
Politique fiscale.
Affaires.
Science économique.
Economie de l'entreprise.
Fiscal policy
Globalization -- Economic aspects
International economic relations
Monetary policy
Weltwirtschaft
Finanzpolitik
Geldpolitik
Internationale Kooperation
Mathematisches Modell
Fiskalpolitik
Strategisches Spiel
Zwei-Länder-Modell
Monetaire politiek.
Fiscale aspecten.
Amerika
Europa
Form Electronic book
ISBN 9783642104763
3642104762