
The interaction of monetary policy and wage bargaining in the European monetary Union : : Lessons from the endogenous money approach / Sebastian Dullien
Tác giả : Sebastian Dullien
Nhà xuất bản : Palgrave Macmillan
Năm xuất bản : 2004
Nơi xuất bản : New York
Mô tả vật lý : xiv, 276 p. : ill. ; 23 cm
ISBN : 1403941513
Số phân loại : 332.494
Chủ đề : 1. Banks and banking -- European Union countries. 2. Collective bargaining -- European Union countries. 3. Economic and monetary Union. 4. Inflation (finance) -- European Union countries. 5. Monetary policy -- European Union countries. 6. Unemployment -- European Union countries. 7. Wages -- European Union countries. 8. Tiền tệ.
Thông tin chi tiết
Tóm tắt : | 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 central bank is responsible for the level of output. Cooperation 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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https://lrcopac.ctu.edu.vn/pages/opac/wpid-detailbib-id-116497.html |