Inflation in a Monetary Union

One. The Closed Economy.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- Two. The World of Two Monetary Regions.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- 4. The Monetary Regions Differ in Size.- Three. The Monetary Union of Two Countries.- 1. The Static Model.- 2. Given Money Growth.- 3. Target Inflation and Required Money Growth.- 4. The Union Countries Differ in Size.- Four. A One-Good Model of the World Economy.- 1. The World of Two Monetary Regions.- 2. The Monetary Union of Two Countries.- Five. Microfoundations for a Monetary Union.- 1. The World of Two Monetary Regions.- 2. The Monetary Regions Differ in Size.- 3. The Large Monetary Union of Two Countries.- 4. The Small Monetary Union of Two Countries.- Synopsis.- Conclusion.- Result.- Symbols.- A Brief Survey of the Literature.- References.

The book studies especially the situation in the new European monetary union Includes supplementary material: sn.pub/extras