Strategic Policy Interactions in a Monetary Union (eBook)

Preface 5
Executive Summary 7
Contents in Brief 9
Contents 11
Introduction 17
Part One The Monetary Union as a WholeAbsence of a Deficit Target 29
Chapter 1 Monetary Policy A 30
Chapter 2 Monetary Policy B 35
Chapter 3 Fiscal Policy A 42
Chapter 4 Fiscal Policy B 47
Chapter 5 Interaction between Central Bank and Government 52
Chapter 6 Cooperation between Central Bank and Government 58
Chapter 7 Interaction between Central Bank and Government: A Special Case 65
Part Two The Monetary Union as a Whole Presence of a Deficit Target 71
Chapter 1 Fiscal Policy A 72
Chapter 2 Fiscal Policy B 78
Chapter 3 Interaction between Central Bank and Government A 83
Chapter 4 Interaction between Central Bank and Government B 90
Chapter 5 Interaction between Central Bank and Government C 96
Chapter 6 Cooperation between Central Bank and Government 103
Part Three The Monetary Union of Two Countries Absence of a Deficit Target 108
Chapter 1 Monetary Policy in Europe A 109
Chapter 2 Monetary Policy in Europe B 118
Chapter 3 Fiscal Policy in Germany A 126
Chapter 4 Fiscal Policy in Germany B 131
Chapter 5 Interaction between European Central Bank, German Government, and French Government 136
Chapter 6 Cooperation between European Central Bank, German Government, and French Government 144
Part Four The Monetary Union of Two Countries Presence of a Deficit Target 153
Chapter 1 Fiscal Policy in Germany A 154
Chapter 2 Fiscal Policy in Germany B 160
Chapter 3 Interaction between European Central Bank, German Government, and French Government A 165
Chapter 4 Interaction between European Central Bank, German Government, and French Government B 180
Chapter 5 Interaction between European Central Bank, German Government, and French Government C 192
Chapter 6 Cooperation between European Central Bank, German Government, and French Government 204
Synopsis 214
Conclusion 216
Result 238
Symbols 243
The Current Research Project 244
References 248
Index 260