Making Waves by Diane Yen-Mei Wong

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Making Waves by Diane Yen-Mei Wong

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Part of Asian Voices series

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Making Waves by Diane Yen-Mei Wong

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.

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SKU Unavailable
ISBN 13 9780807059050
ISBN 10 0807059056
Title Making Waves
Author Diane Yen-Mei Wong
Series Asian Voices
Condition Unavailable
Binding Type Paperback
Publisher Beacon Press
Year published 1989-06-28
Number of pages 481
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.