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A general framework for the macroeconomic analysis of monetary unions

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dc.contributor.authorBajo Rubio, Óscar
dc.contributor.authorDíaz Roldán, Carmen
dc.contributor.departmentEconomíaes_ES
dc.contributor.departmentEkonomiaeu
dc.date.accessioned2016-05-10T07:40:55Z
dc.date.available2016-05-10T07:40:55Z
dc.date.issued2001
dc.description.abstractThe objective of this paper is to develop a general framework for the macroeconomic modelling of monetary unions, which could be useful for policy analysis, as well as for teaching purposes. Our starting point will be the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side, 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 big monetary union, respectively. After solving each model, we will derive multipliers for monetary, real (i. e., demand-side), supply, and external shocks, paying a special attention to the distinction between symmetric and asymmetric shocks. A graphical analysis is also provided.en
dc.description.sponsorshipThe authors would like to thank the Spanish Ministry of Education for financial support, through the Project PB98-0546-C02-01.en
dc.format.extent43 p.
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://academica-e.unavarra.es/handle/2454/20685
dc.language.isoengen
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.relation.ispartofseries0101en
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.titleA general framework for the macroeconomic analysis of monetary unionsen
dc.typeDocumento de trabajo / Lan gaiakes
dc.typeinfo:eu-repo/semantics/workingPaperen
dspace.entity.typePublication
relation.isAuthorOfPublication53d8540e-53c6-482d-b79d-1671820c0b0e
relation.isAuthorOfPublication8fa28f7b-2861-4dd6-bbcb-16d987d4d2f4
relation.isAuthorOfPublication.latestForDiscovery53d8540e-53c6-482d-b79d-1671820c0b0e

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