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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union. Lessons from the Endogenous Money Approach.
Sebastian Dullien
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Description for The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union. Lessons from the Endogenous Money Approach.
Paperback. Num Pages: 290 pages, biography. BIC Classification: KCB; KCF; KCP. Category: (G) General (US: Trade). Dimension: 216 x 140. .
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.
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.
Product Details
Format
Paperback
Publication date
2004
Publisher
Palgrave Macmillan United Kingdom
Number of pages
290
Condition
New
Number of Pages
276
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349520800
SKU
V9781349520800
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Sebastian Dullien
SEBASTIAN DULLIEN is Economics Correspondent at the Financial Times Deutschland, the German language edition of the FT. Previously he worked as a short term expert for the Deutsches Institut für Wirtschaftsforschung. He also teaches at the Freie Universität in Berlin.
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