Inflation and Unemployment in a Monetary Union

1. The Rate of Inflation

1. Introduction

2. Monetary Policy in Europe

3. Fiscal Policies in Germany and France

4. Central Bank and Governments Decide Sequentially

5. Central Bank and Governments Cooperate

6. The Countries Differ in Size

7. The Countries Differ in Behaviour

8. The Monetary Union of Three Countries

2. The Rate of Unemployment

9. Monetary Policy in Europe

10. Fiscal Policies in Germany and France

11. Central Bank and Governments Decide Sequentially

12. Central Bank and Governments Cooperate

13. The Countries Differ in Size

14. The Countries Differ in Behaviour

15. The Monetary Union of Three Countries

3. Inflation and Unemployment

16. The Model

17. Some Numerical Examples

18. Monetary Policy in the Phillips Curve Diagram

4. Inflation and Unemployment

19. Monetary Policy in Europe

20. Fiscal Policies in Germany and France

21. Central Bank and Governments Decide Sequentially

22. Central Bank and Governments Cooperate

23. Central Bank and Governments Differ in Loss Function

DRM-restrictions

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Keywords: BUSINESS & ECONOMICS / Management Science BUS042000