The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union
S. Dullien
Palgrave Macmillan, 2004
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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.
- ISBN-13
- 9781349520800
- ISBN-10
- 1349520802
- Publisher
- Palgrave Macmillan
- Year
- 2004
- Publication date
- 2004-01-01
- Pages
- 276
- Dimensions
- 216x140x