Macroeconomic Analysis of Monetary Unions(Bajo-Rubio et al.)

A General Framework Based on the Mundell-Fleming Model
series:SpringerBriefs in Economics

The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in …