Books by Michael Carlberg

The analysis will be conducted within an IS-LM model augmen-ted by the dynamics of money wages, private capital andpublic debt.This in turn requires a dynamic path of monetary and fiscalpolicy: As a response to the shock, the central bankcontinuouslyadapts the quantity of money so as to keep upfull employment all the time.

This book studies the strategic policy interactions in a monetary union. It develops a series of basic, intermediate, and more advanced models and provides readers with a practical grasp of the macroeconomic principles necessary to understand a monetary union.

Using the Solow model, the overlapping general generations model and the infinite horizons model, this book explores the sustainability and optimality of public debt under three scenarios: the closed economy, the small open economy, and a two-country setting.

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.

This book studies the strategic interactions between monetary and fiscal policies in the world economy. It develops a series of basic, intermediate, and more advanced models.

Studies the international coordination of monetary and fiscal policies in the world economy. This book discusses the process of policy competition and the structure of policy cooperation.

Studying the causes and cures of inflation in a monetary union, this text discusses the effects of money growth and output growth on inflation, focusing on producer inflation, currency depreciation and consumer inflation. It also covers real depreciation and nominal and real interest rates.

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. It further gives a description of processes in a monetary union where different targets are pursued by various institutions.

Studies the interactions between monetary and fiscal policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. These are higher-dimensional issues. The policy targets are price stability and full employment. The policy makers follow cold-turkey or gradualist strategies.

Explores the scope and limit of macroeconomic policy in the monetary union. The focus is on pure policies, policy mixes and policy co-ordination. Special emphasis is put on wage shocks and wage restraint. Diagrams serve to illustrate the subject in hand.

This is what we've all been waiting for - a book that demystifies the European community's monetary union. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.

This text explores the new economics of monetary union. Amongst other things, it discusses the effects of shocks and policies on output and prices. A feature of the book is the numerical estimation of shock and policy multipliers.