Asymmetry and aggregation in the EU

Bibliographic Information

Asymmetry and aggregation in the EU

David G. Mayes and Matti Virén

Palgrave Macmillan, 2011

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Note

Includes bibliographical references (p. 219-231) and index

Description and Table of Contents

Description

This book presents a clear exposition of what constitutes asymmetry in economics. It provides an empirical application of these ideas in the case of the EU. In particular, it shows how important asymmetry is for the appropriate design of policy in the Euro Area.

Table of Contents

Introduction Measurement and Aggregation Aggregate Supply and demand in an Open Economy The Phillips Curve Regional and Sectoral Concerns Output, Unemployment and the Labour Market: The Okun Curve Asymmetry and the Role of the Public Sector Monetary Policy Fiscal Responses References

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