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Palgrave The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union ,S. Dullien[Soft cover]
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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
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