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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union : Lessons from the Endogenous Money Approach / by Sebastian Dullien

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: SpringerLink Bücher | Springer eBook Collection Palgrave Economics & Finance Collection | Springer ebook collection / Palgrave Economics and Finance Collection 2000 - 2013Publisher: London : Palgrave Macmillan, 2004Description: Online-Ressource (XIV, 276 p, online resource)ISBN:
  • 9780230006140
Subject(s): Additional physical formats: 9781349520800 | Erscheint auch als: 978-1-349-52080-0 Druck-Ausgabe | Printed edition: 9781349520800 LOC classification:
  • HB172.5
  • HD5764.A6
DOI: DOI: 10.1057/9780230006140Online resources:
Summary: Sebastian 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 cooperationPPN: PPN: 1657419126Package identifier: Produktsigel: ZDB-1-PEO | ZDB-2-PEF | ZDB-2-SEB | ZDB-2-SXEF
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