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Item Details
| Title:
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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 |
| Format: |
Hardback |
| List price:
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£95.00 |
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| ISBN 10: |
1403941513 |
| ISBN 13: |
9781403941510 |
| Publisher: |
PALGRAVE USA |
| Pub. date: |
11 October, 2004 |
| Edition: |
2004 ed. |
| Pages: |
276 |
| Description: |
Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. |
| Synopsis: |
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 cooperation. |
| Illustrations: |
XIV, 276 p. |
| Publication: |
US |
| Imprint: |
Palgrave Macmillan |
| Returns: |
Returnable |
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