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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union - Lessons from the Endogenous Money Approach (Hardcover, 2004 ed.) Loot Price: R2,796
Discovery Miles 27 960
Repayment Terms: R262 pm x 12*
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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union - Lessons from the Endogenous Money...

The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union - Lessons from the Endogenous Money Approach (Hardcover, 2004 ed.)

S. Dullien

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Loot Price R2,796 Discovery Miles 27 960 | Repayment Terms: R262 pm x 12*

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Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of cooperation 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. Cooperation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable to assure cooperation.

General

Imprint: Palgrave Macmillan
Country of origin: United States
Release date: 2000
First published: 2004
Authors: S. Dullien
Dimensions: 216 x 140 x 22mm (L x W x T)
Format: Hardcover
Pages: 276
Edition: 2004 ed.
ISBN-13: 978-1-4039-4151-0
Categories: Books > Business & Economics > Economics > Political economy
Books > Business & Economics > Economics > Macroeconomics > Monetary economics
Books > Business & Economics > Economics > Labour economics > Employment & unemployment
LSN: 1-4039-4151-3
Barcode: 9781403941510

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