This book presents articles that focus on the inter-related issues of choice of exchange rate and monetary policy regimes, and others that use a global macroeconomic model developed by the author and collaborators to quantify the effects of the ""baby boom"" on global imbalances, costs of disinflation, and the effects of German unification. The book presents new analysis of the euro-zone experience and its applicability to other monetary unions, as well as a discussion of the prerequisites for successful inflation targeting. It is grounded in real-world data, readily accessible to non-specialists, and addresses important economic policy issues.
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Dr Paul R Masson has published numerous articles and books in various areas of economics, including macroeconomic modelling, monetary and fiscal policy, international finance, exchange rate regimes, and regional integration. His books include The Monetary Geography of Africa with Catherine Pattillo (Brookings, 2005) and Topics in International Finance (World Scientific, 2008). Until recently, he taught international finance at the University of Toronto, after careers at the Bank of Canada, the OECD, and the IMF, where he worked in the Research, European, and African departments. Since then, he has served as Special Advisor to the Governor of the Bank of Canada and Monetary Union Advisor for the government of Rwanda, and worked as an economic consultant.
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