... inflation in Europe, and 2B is some other factors bearing on the rate of inflation M. Carlberg, Monetary and Fiscal Strategies in the World Economy, 101DOI 10.1007/978-3- 642 -1 047 6-3_15, © Springer-Verlag ... rate of inflation in America, 1s is the structural deficit ratio in Europe, 2s is the M. Carlberg, Monetary and Fiscal Strategies in the World Economy, 117DOI 10.1007/978-3- 642 -1 047 6-3_17, ... functions in Europe and America. Taking M. Carlberg, Monetary and Fiscal Strategies in the World Economy, 92DOI 10.1007/978-3- 642 -1 047 6-3_12, © Springer-Verlag Berlin Heidelberg 2010 102 in...