{"product_id":"macroeconomic-analysis-of-monetary-unions-a-general-framework-based-on-the-mundell-fleming-model-von-oscar-bajo-rubio-carmen-diaz-roldan","title":"Macroeconomic Analysis of Monetary Unions","description":"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.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783642194443\"\u003e\u003ch3\u003eA General Framework Based on the Mundell-Fleming Model\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783642194443","offer_id":39443556499549,"sku":"9783642194443","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/bf722d95-2006-4023-bb18-d6f535ce80f5.jpg?v=1773985241","url":"https:\/\/shop.autorenwelt.de\/products\/macroeconomic-analysis-of-monetary-unions-a-general-framework-based-on-the-mundell-fleming-model-von-oscar-bajo-rubio-carmen-diaz-roldan","provider":"Autorenwelt Shop","version":"1.0","type":"link"}