Please note: In order to keep Hive up to date and provide users with the best features, we are no longer able to fully support Internet Explorer. The site is still available to you, however some sections of the site may appear broken. We would encourage you to move to a more modern browser like Firefox, Edge or Chrome in order to experience the site fully.

Supporting your high street Find out how »
The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union : Lessons from the Endogenous Money Approach, Paperback / softback Book

The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union : Lessons from the Endogenous Money Approach Paperback / softback

Paperback / softback

Out of stock

Description

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.

Information

Other Formats

£89.99

Out of stock
Add to Basket
Sign in to add to wishlist
 
Free Home Delivery

on all orders

 
Pick up orders

from local bookshops

Information