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Book Description
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.
Book Info
Studies the causes and cures of inflation in a monetary union. Carefully discusses the effects of money growth and output growth on inflation, and target inflation.
Inflation in a Monetary Union,Michael Carlberg,Springer,3540433597,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Economics - General,Economics - Macroeconomics,Europe,European Economic Community,Inflation,Inflation (Finance),International - General,Mathematical models,Monetary Fluctuations,Monetary unions,Money & Monetary Policy,Public Policy - Economic Policy,United States,Business & Economics / Macroeconomics,Consumer,Developing countries,Interest Rates,Monetary Union,Monetary economics
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