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About this book
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.
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
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 für Wirtschaftsforschung. He also teaches at the Freie Universität in Berlin.
Bibliographic Information
Book Title: The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
Book Subtitle: Lessons from the Endogenous Money Approach
Authors: Sebastian Dullien
DOI: https://doi.org/10.1057/9780230006140
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2004
Hardcover ISBN: 978-1-4039-4151-0Published: 11 October 2004
Softcover ISBN: 978-1-349-52080-0Published: 01 January 2004
eBook ISBN: 978-0-230-00614-0Published: 11 October 2004
Edition Number: 1
Number of Pages: XIV, 276
Topics: Macroeconomics/Monetary Economics//Financial Economics, International Political Economy, Labor Economics