TY  - BOOK
AU  - Bajo-Rubio,Oscar
AU  - Díaz-Roldán,Carmen
ED  - SpringerLink (Online service)
TI  - Macroeconomic Analysis of Monetary Unions: A General Framework Based on the Mundell-Fleming Model 
T2  - SpringerBriefs in Economics,
SN  - 9783642194450
AV  - HB1-846.8 
U1  - 330.1 
PY  - 2011///
CY  - Berlin, Heidelberg
PB  - Springer Berlin Heidelberg, Imprint: Springer
KW  - Economic theory
KW  - Macroeconomics
KW  - International economics
KW  - Economic Theory/Quantitative Economics/Mathematical Methods
KW  - Macroeconomics/Monetary Economics//Financial Economics
KW  - International Economics
N1  - Introduction -- The Model: Description of the Model; A Macroeconomic Model for a Monetary Union; Characterization of the Shocks.-The Model for a Small Monetary Union: Shock Multipliers; Graphical Analysis -- The Model for a Large Monetary Union: Shock Multipliers; Graphical Analysis -- Conclusions -- Appendix
N2  - The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks
UR  - https://s443-doi-org.br.lsproxy.net/10.1007/978-3-642-19445-0
ER  -