Inflation in a Monetary Union

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Focusing on the dynamics of inflation within a monetary union, this book explores the interplay between money growth, output growth, and various types of inflation, including producer and consumer inflation across different regions. It examines factors influencing consumer inflation rates in Europe and the U.S., alongside topics like real depreciation, interest rates, and wage growth. A distinctive element is the numerical estimation of shock and policy multipliers, contributing to a broader research project on monetary unions. The work reflects extensive collaboration and feedback from various economists.