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161125 ||| eng |
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|a 9780230006140
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| 100 |
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|a Dullien, Sebastian
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| 245 |
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|a The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
|h Elektronische Ressource
|b Lessons from the Endogenous Money Approach
|c by Sebastian Dullien
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| 260 |
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|a London
|b Palgrave Macmillan UK
|c 2004, 2004
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| 300 |
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|a XIV, 276 p
|b online resource
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| 653 |
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|a Economics
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| 653 |
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|a Political Economy
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| 653 |
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|a Political economy
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| 653 |
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|a Labor Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Macroeconomics/Monetary Economics//Financial Economics
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| 653 |
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|a Labor economics
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b Springer
|a Springer eBooks 2005-
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| 856 |
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|u http://dx.doi.org/10.1057/9780230006140?nosfx=y
|x Verlag
|3 Volltext
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|a 339
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|a 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
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