{"product_id":"strategic-policy-interactions-in-a-monetary-union-9783642100840","title":"Strategic Policy Interactions in a Monetary Union","description":"\u003cp\u003e • Author(s): Michael Carlberg\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer\u003cbr\u003e • BISAC: Economics - Macroeconomics\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003eThis 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 government are low unemployment and a low structural deficit. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. This book develops a series of basic, intermediate, and more advanced models. Here the focus is on the Nash equilibrium. The key questions are: Given a shock, can policy interactions reduce the existing loss? And to what extent can they do so? Another topical issue is policy cooperation. To illustrate all of this there are a lot of numerical examples.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Paperback","offer_id":45279577276567,"sku":"9783642100840","price":7345.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783642100840.webp?v=1769293968","url":"https:\/\/atlanticbooks.com\/products\/strategic-policy-interactions-in-a-monetary-union-9783642100840","provider":"Atlantic Books","version":"1.0","type":"link"}