UID:
almahu_9947919465302882
Format:
XIV, 276 p.
,
online resource.
ISBN:
9780230006140
Content:
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.
In:
Springer eBooks
Additional Edition:
Printed edition: ISBN 9781349520800
Language:
English
DOI:
10.1057/9780230006140
URL:
http://dx.doi.org/10.1057/9780230006140
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
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