Inflation in a Monetary Union [Paperback]

One. The Closed Economy.- 1. The Static Model.- 1.1. Fixed Wages.- 1.2. Flexible Wages.- 2. Given Money Growth.- 2.1. The Dynamic Model.- 2.2. Inflation and Wage Growth.- 2.3. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- Two. The World of Two Monetary Regions.- 1. The Static Model.- 1. Fixed Wages.- 2. Flexible Wages.- 2. Given Money Growth.- 1. The Dynamic Model.- 2. Inflation and Depreciation.- 2.1. Producer Inflation.- 2.2. Nominal Depreciation.- 2.3. Real Depreciation.- 2.4. Consumer Inflation.- 3. Wage Growth.- 3.1. Productivity Growth.- 3.2. Labour Growth.- 4. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- 1. Required Money Growth.- 1.1. The Dynamic Model.- 1.2. Required Money Growth.- 1.3. Nominal Depreciation.- 1.4. Nominal Interest Rates.- 1.5. Producer Inflation.- 2. Wage Growth.- 2.1. The Dynamic Model.- 2.2. Productivity Growth.- 2.3. Labour Growth.- 4. The Monetary Regions Differ in Size.- Three. The Monetary Union of Two Countries.- 1. The Static Model.- 1. Fixed Wages.- 2. Flexible Wages.- 2. Given Money Growth.- 1. The Dynamic Model.- 2. Inflation and Depreciation.- 2.1. Producer Inflation.- 2.2. Nominal Depreciation.- 2.3. Real Depreciation.- 2.4. Consumer Inflation.- 3. Wage Growth.- 3.1. Productivity Growth.- 3.2. Labour Growth.- 4. Nominal and Real Interest Rates.- 3. Target Inflation and Required Money Growth.- 1. The Dynamic Model.- 2. Required Money Growth.- 3. Wage Growth.- 4. The Union Countries Differ in Size.- Four. A One-Good Model of the World Economy.- 1. The World of Two Monetary Regions.- 1. The Static Model.- 2. The Dynamic Model.- 3. Inflation and Depreciation.- 4. Wage Growth.- 5. Nominal and Real Interest Rates.- 6. Target Inflation and Required Money Growth.- 2. The Monetary Union of Two Countries.- 1. The Static Model.- 2. The Dynamic Model.- 3. Given Money Growth.- 4. Target Inflation and Required Money Growth.- Five. Microfoundations for a Monetary Union.-lÓÆ