Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target

Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target

Assessing the effects of monetary policy and wage bargaining on employment andinflation in the European Monetary Union (EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money. In this model the NAIRU is considered to be a short-run limit...

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Bibliographic Details
Main Author: Eckhard Hein
Format: Article
Language:English
Published: Associazione Economia civile 2002-09-01
Series:PSL Quarterly Review
Subjects:
Bargaining
EMU
European Monetary Union
Inflation
Monetary Policy
Monetary Union
Monetary
Money
Policy
Union
Wage Bargaining
Wage
Online Access:http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9913/9795

Internet

http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9913/9795

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