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.
Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-opera...
Macroeconomics in Context: A European Perspective lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. With a clear presentation of economic theory throughout, this latest addition to the bestselling 'In Context' set of textbooks is written with a specific focus on European data, institutions and historical events, offering engaging treatment of high-interest topics, including sustainability, Brexit, the Euro crisis and rising inequality. Policy issues are presented in context (historical, institutional, social, political, and...
Macroeconomics in Context: A European Perspective lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant ...
Macroeconomics in Context: A European Perspective lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. With a clear presentation of economic theory throughout, this latest addition to the bestselling 'In Context' set of textbooks is written with a specific focus on European data, institutions and historical events, offering engaging treatment of high-interest topics, including sustainability, Brexit, the Euro crisis and rising inequality. Policy issues are presented in context (historical, institutional, social, political, and...
Macroeconomics in Context: A European Perspective lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant ...
