Monetary and Fiscal Policies in the Euro Area

Introduction....Pages 1-10
Front Matter....Pages 11-11
The Small Monetary Union of Two Countries....Pages 13-19
The World as a Whole....Pages 20-23
The World of Two Monetary Regions....Pages 24-32
The Large Monetary Union of Two Countries....Pages 33-41
Front Matter....Pages 43-43
Monetary Competition between Europe and America....Pages 45-70
Monetary Cooperation between Europe and America....Pages 71-82
Front Matter....Pages 83-83
Fiscal Competition between Germany and France....Pages 85-98
Fiscal Cooperation between Germany and France....Pages 99-104
Front Matter....Pages 105-105
Competition between European Central Bank, German Government, and French Government....Pages 107-119
Cooperation between European Central Bank, German Goverment, and French Government....Pages 120-126
Competition between European Central Bank, American Central Bank, German Government, and French Government....Pages 127-136
Cooperation between European Central Bank, American Central Bank, German Government, and French Government....Pages 137-146
Front Matter....Pages 147-147
Cold-Turkey Policies: Simultaneous Decisions....Pages 149-154
Gradualist Policies: Simultaneous Decisions....Pages 155-160
Fast Monetary Competition and Slow Fiscal Competition....Pages 161-164
Monetary Cooperation between Europe and America, Fiscal Competition between Germany and France....Pages 165-174
Monetary Cooperation between Europe and America, Fiscal Cooperation between Germany and France....Pages 175-183
Policy Cooperation within Europe, Policy Competition between Europe and America....Pages 184-189
Front Matter....Pages 191-191
Monetary Competition between Europe and America....Pages 193-197
Front Matter....Pages 191-191
Fiscal Competition between Germany and France....Pages 198-202
Monetary and Fiscal Competition: Sequential Decisions....Pages 203-211
Monetary and Fiscal Competition: Simultaneous Decisions....Pages 212-213
Monetary Cooperation between Europe and America, Fiscal Competition between Germany and France....Pages 214-218
Policy Cooperation within Europe, Policy Competition between Europe and America....Pages 219-225
Synopsis....Pages 227-230
Conclusion....Pages 231-258
Result....Pages 259-266