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An Economic Analysis of Monetary Union by Michael Carlberg

By Michael Carlberg

This publication explores the hot economics of economic union. It rigorously discusses the consequences of shocks and regulations on output and costs. Shocks and guidelines are country-specific or universal. They happen at the call for or provide aspect. nations can fluctuate in behavioural capabilities. Wages should be mounted, versatile, or gradual. furthermore, fastened wages and versatile wages can coexist. Take for example fastened wages in Germany and versatile wages in France. Or take fastened wages in Europe and versatile wages in the US. a unique characteristic of this booklet is the numerical estimation of concern and coverage multipliers. additional issues are inflation and disinflation. Take for example inflation in Germany and value balance in France. Then what coverage is required for disinflation within the union? And what is going to be the dynamic results on Germany and France?

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