The interaction of monetary policy and wage bargaining in the European Monetary Union

lessons from the endogenous money approach

Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of cooperation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the ...

Exploring sustainable development

geographical perspectives

Sustainable development is capturing the attention of planners, politicians and business leaders. Within the academic sphere its study is increasingly breaching disciplinary boundaries to become a focus of attention for natural and social scientists alike. But in studying such a key concept, it is vital ...

Principios rectores de la política social y económica

Como dice el profesor Miguel Angel García Herrera,que prologa la edición,el también profesor Javier Tajadura ha reunido es esta importante obra un completo y experimentado equipo de docentes para abordar coordinadamente la compleja tarea que supone en la actualidad modernizar nuestra Constitución.Y ...

Evolución contemporánea del gasto público en España

En los años setenta, Musgrave afirmaba que la teoría del crecimiento del gasto público es un tema fascinante pero difícilmente dominable y que incluso considerando solamente los aspectos económicos era difícil formular una teoría aceptable del crecimiento del gasto público. Esta afirmación sigue siendo válida ...

Deflaction

current and historical perspectives

Until recently fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major euro area economies ...

Monetary policy implementation

theory-past-present

The first of its kind, this book is entirely dedicated to the implementation of monetary policy: how central banks go about achieving their monetary policy targets. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end ...

Labor market institutions and public regulation

The six studies collected in this CESifo volume analyze the sometimes unpredictable effects of public regulation on the labor market. Examining a wide range of policy interventions -- from subsidized employment to an increased tax on capital -- and using a variety of methodologies to analyze them ...

How monetary policy works

For monetary policymakers worldwide, developing a practical understanding of how monetary policy transmits to the economy is a day-to-day challenge. The data such policymakers have is imperfect, the maps they use are continually redrawn. With such uncertainty, understanding this complicated issue is rarely straightforward. This ...

Re-examining montery and fiscal policy for the 21st century

This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the #new consensus' in macroeconomics along with the monetary and ...

Contemporary post Keynesian analysis

Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth and inflation; Kaleckian perspectives on ...

Central banking in the modern world

alternative perspectives

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this ...

The end of work

the decline of the Global Labor Force and the dawn of the post-market Era

The most significant domestic issue of the 2004 elections is unemployment. The United States has lost nearly three million jobs in the last ten years, and real employment hovers around 9.1 percent. Only one political analyst foresaw the dark side of the technological revolution ...

The institutional economics of market-based climate policy

The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence. Instead of ...

El Banco Central Europeo y el sistema europeo de bancos centrales

régimen jurídico de la autoridad monetaria de la Comunidad Europea

Information technology policy

an international history

Information Technology has become a key factor in industry and society in the postwar world and continues to evolve, re- shaping the local and global economy and reorienting comparative and competitive advantages. The production of IT has itself changed and shifted through a number of ...

El flat tax

una respuesta radical a la crisis impositiva

Durante los dos últimos decenios se han producido cambios sin precedentes en los sistemas impositivos de la mayoría de los países, con el fin primordial de remediar la crisis de la imposición, puesta de relieve por el rechazo social de un sistema tributario desprestigiado que ...

Economic policy issues for the next decade

There are several reasons why it has become important to rethink economic policy. Out of the European perspective it is the new currency, the enlargement towards Central and Eastern European countries, the sluggish growth and the end of productivity convergence towards the USA and the ...

Public Health, ethics, and equity

ÍNDICE: Amartya Sen: Preface Sudhir Anand and Fabienne Peter: Introduction I. Health Equity 1 Sudhir Anand: The Concern for Equity in Health 2 Amartya Sen: Why Health Equity? II. Health, Society, and Justice 3 Michael Marmot: Social Causes of Social Inequalities in Health 4 Norman ...

Financial intermediation in the New Europe

banks, markets and regulation in EU accession countries

What role will the current evolution of banking systems play in the newly adopted EU countries during the historic challenges following enlargement? This book, a blend of economics and political economy, offers a systematic analysis of the current trends in financial intermediation in the countries ...

La economía del pánico

cómo enfrentar las crisis financieras

Desde el inicio de los años noventa, en la rígida geografía de la economía capitalista ha surgido un tipo de interacción inédita entre su centro, rico y poderoso, y su periferia, dominada y frágil. En esta nueva fase de la globalización, la liberalización financiera en ...