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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union: Lessons from the Endogenous Money Approach (Paperback) (ISBN-13: 9781349520800)
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S. Dullien
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Books
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Description
xSebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-operation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the central bank is responsible for the level of output. Co-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable to assure cooperation.
Author: S. Dullien
ISBN-10: 1349520802
ISBN-13: 9781349520800
Publisher: Palgrave MacMillan
Language: English
Published: 01/01/2004
Pages: 276
Format: Paperback
Weight: 0.75lbs
Size: 8.50h x 5.50w x 0.61d
Author: S. Dullien
ISBN-10: 1349520802
ISBN-13: 9781349520800
Publisher: Palgrave MacMillan
Language: English
Published: 01/01/2004
Pages: 276
Format: Paperback
Weight: 0.75lbs
Size: 8.50h x 5.50w x 0.61d
By S. Dullien
xSEBASTIAN DULLIEN is Economics Correspondent at the Financial Times Deutschland, the German language edition of the FT. Previously he worked as a short term expert for the Deutsches Institut für Wirtschaftsforschung. He also teaches at the Freie Universität in Berlin.
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