Download or read book Macroeconomics of Monetary Union written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2007-07-24 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is what we’ve all been waiting for – a book that demystifies the European community’s monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in point is the Euro area, where policy targets are price stability and full employment. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy.