We live in a world where capital is free to move. Increasingly this determines the pattern of international growth. Savings are invested in the country yielding the highest return, thus adding to its stock of capital. This development is...

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and...

This book explores the new economics of monetary UnIon. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side....

Das Buch befaßt sich mit theoretischen Untersuchungen zur deutschen Vereinigung. Zwei Fragen stehen dabei im Mittelpunkt: Welcher makroökonomische Anpassungsprozeß wird durch die deutsche Vereinigung ausgelöst? Und wie kann die...

This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the structure of policy cooperation. On policy competition, the book focuses on...

This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus...

This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national...

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...

Das Buch "Die Ordnung der Städte im Wirtschaftsraum der Bundesrepublik Deutschland: Die regionalen Wirkungen der Finanzreform 1970" von Michael Carlberg analysiert die Auswirkungen der Finanzreform von 1970 auf die städtische und...

This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a...