{"product_id":"9781403941510","title":"The Interaction of Monetary Policy and Wage Bargaining in the European Monetary Union: Lessons from the Endogenous Money Approach","description":"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.","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":47035325350128,"sku":"9781403941510","price":140.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781403941510_p0.jpg?v=1763716081","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781403941510","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}