书目名称 | The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union |
副标题 | Lessons from the End |
编辑 | Sebastian Dullien |
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图书封面 |  |
描述 | 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. |
出版日期 | Book 2004 |
关键词 | employment; Inflation; monetary policy; monetary union; money; unemployment; unions |
版次 | 1 |
doi | https://doi.org/10.1057/9780230006140 |
isbn_softcover | 978-1-349-52080-0 |
isbn_ebook | 978-0-230-00614-0 |
copyright | Palgrave Macmillan, a division of Macmillan Publishers Limited 2004 |