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

The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
Author: S. Dullien
Publisher: Springer
Total Pages: 291
Release: 2004-10-11
Genre: Business & Economics
ISBN: 0230006140

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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.


The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
Language: en
Pages: 291
Authors: S. Dullien
Categories: Business & Economics
Type: BOOK - Published: 2004-10-11 - Publisher: Springer

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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 betwe
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Type: BOOK - Published: 2013-03-09 - Publisher: Springer Science & Business Media

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This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on buildin
Monetary Union, Employment and Growth
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Authors: Pier Carlo Padoan
Categories: Business & Economics
Type: BOOK - Published: 2001-01-01 - Publisher: Edward Elgar Publishing

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'Monetary Union, Employment and Growth provides a thorough and well-developed analysis of the macroeconomic and microeconomic implications of the single currenc
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The launch of European Monetary Union (EMU) marked the beginning of a new era, and its establishment has proved an impressive success at the technical, legal, a
Monetary and Wage Policies in the Euro Area
Language: en
Pages: 314
Authors: Michael Carlberg
Categories: Business & Economics
Type: BOOK - Published: 2006-11-24 - Publisher: Springer Science & Business Media

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This book studies interactions between monetary and wage policies in the Euro area, closely reviewing and discussing the process of policy competition and the s