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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union

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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union

Lessons from the Endogenous Money Approach

Format

Hardback

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The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union by Sebastian Dullien
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Description

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.

Author Biography

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 fur Wirtschaftsforschung. He also teaches at the Frele Universitat in Berlin.
Release date NZ
October 11th, 2004
Country of Publication
United States
Edition
2004 ed.
Illustrations
XIV, 276 p.
Imprint
Palgrave Macmillan
Pages
276
Dimensions
140x216x22
ISBN-13
9781403941510
Product ID
2249454

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