{"product_id":"the-interaction-of-monetary-policy-and-wage-bargaining-in-the-european-monetary-union-lessons-from-the-endogenous-money-approach-9781349520800","title":"The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union: Lessons from the Endogenous Money Approach","description":"\u003cp\u003e • Author(s): S. Dullien\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Palgrave MacMillan\u003cbr\u003e • BISAC: Money \u0026amp; Monetary Policy\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eSebastian 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.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Paperback","offer_id":45281528053911,"sku":"9781349520800","price":7345.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781349520800.webp?v=1769299475","url":"https:\/\/atlanticbooks.com\/products\/the-interaction-of-monetary-policy-and-wage-bargaining-in-the-european-monetary-union-lessons-from-the-endogenous-money-approach-9781349520800","provider":"Atlantic Books","version":"1.0","type":"link"}