The interaction of monetary policy and wage bargaining in the European monetary Union : Lessons from the endogenous money approach

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 ce...

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Autore principale: Dullien, Sebastian
Natura: Libro
Lingua:Undetermined
Pubblicazione: New York Palgrave Macmillan 2004
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