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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 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.
Unemployment --- Inflation (Finance) --- Collective bargaining --- Wages --- Monetary policy --- Banks and banking, Central --- Ch omage --- Salaires --- Banques centrales --- N egociations collectives --- Inflation --- Politique mon etaire --- BUSINESS & ECONOMICS --- Werkloosheid --- Inflatie --- Salarissen --- Collectieve onderhandelingen --- Monetaire politiek --- EMU --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Bargaining --- Labor negotiations --- Industrial relations --- Negotiation in business --- Finance --- Natural rate of unemployment --- Money & Monetary Policy --- Economic and Monetary Union. --- Union economique et mon etaire. --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- E-books --- 332.494 --- arbeid, loon --- banken, centraal --- monetaire politiek --- 333.846.3 --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen --- Macroeconomics. --- Political economy. --- Labor economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Political Economy. --- Labor Economics. --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Money. Monetary policy --- European Union --- Economics. --- International economic relations. --- Macroeconomics and Monetary Economics. --- International Political Economy'.
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Capitalism --- Capitalism --- Economics --- Economics
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Sets out realistic alternatives to the neoliberal capitalism that caused the global crisis.
Capitalism. --- Capitalism --- Economics. --- Economics
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This book examines the financial and economic crisis of 2008-2009, focusing on its transmission, impact, and unique characteristics in developing countries. Edited by Sebastian Dullien and others, it presents various analyses on the causes of the crisis, including global imbalances and finance-led capitalism. The work explores the effects on economies such as China, India, and Africa, detailing policy responses and challenges faced. It also discusses commodity markets, international financial governance, and potential reforms in global economic policies. Intended for economists, policymakers, and scholars, the book aims to provide insights for understanding and managing similar crises in the future.
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The recent economic trends and the challenges posed by the global crisis reinforce the importance of implementing strategies for development as opposed to leaving the economy to market forces. Countries need a strategic compass for long-run economic development, either explicitly or implicitly. Among other ingredients, this comprises macroeconomic policies, sectoral policies (including the financial sector, trade and industrial policies), institution building in key areas and development-friendly global governance. Within a chosen medium- or even long-term strategy, governments need more policy space to adjust to the specific (and evolving) social, historical and institutional context. The experience of Asia shows that rather than implementing narrow and rigid general guidelines, experimental approaches – which require policy space – are a recipe for success. Furthermore, the slow-growth periods endured by several countries (the “lost decades”) allowed inferring which policies should be avoided. The authors of this publication share the notion that developing countries can and should learn more from each other, as well as from their own past experience. It is important to look at comparisons between developing countries, including both success and failure stories. In this second volume, seven country studies contribute to this approach. From this perspective, poor economic results in developing regions and transition economies in the 1980s and 1990s have to be compared with rapid output growth and social improvements in the two preceding decades, as well as the 2000s. Several factors have contributed to explaining these contrasts. In particular, the existence of a developmental State that uses its room for manoeuvre to act on both the supply and demand side is a common denominator of most successful experiences. On the contrary, neoliberal policies that restrained the role of the State in the economy and dismissed the need to preserve any policy space prevailed in the slow-growing regions during the lost decades.
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Crise boursière (2008) --- Crise de 2008 --- Crise des subprimes (2007) --- Crise financière (2008) --- Crise financière et économique (2007-2009) --- Crise financière mondiale (2008-2009) --- Crise économique (2007-2009) --- Crise économique (2008) --- Financiële wereldcrisis (2008-2009) --- Global Economic Crisis (2008-2009) --- Global Financial Crisis (2008-2009) --- Krach boursier (2008) --- Subprime Mortgage Crisis (2008-2009) --- Subprimes [Crise des ] (2007) --- BPB1104 --- E-books --- Crise monétaire --- Déflation --- Économie internationale --- Pays en développement --- Monetaire crisis --- Deflatie --- Internationale economie --- Ontwikkelingsland --- Developing countries --- Economic conditions --- pajjiżi fil-fażi tal-iżvilupp --- αναπτυσσόμενες χώρες --- zemlje u razvoju --- развиващи се държави --- kraje rozwijające się --- arengumaad --- земји во развој --- fejlődő országok --- attīstības valstis --- țări în curs de dezvoltare --- developing countries --- rozvojové země --- države v razvoju --- país en desarrollo --- kehitysmaat --- utvecklingsland --- vende në zhvillim --- Entwicklungsland --- paese in via di sviluppo --- besivystančios šalys --- земље у развоју --- país em desenvolvimento --- rozvojové krajiny --- udviklingsland --- ontwikkelingsland --- Tredje Verden --- země s nízkou životní úrovní --- Lumea a Treia --- jaunattīstības valstis --- paese arretrato --- Α.Χ. --- Derde-Wereldland --- Трет свет --- país do Terceiro Mundo --- szegény országok --- Third World --- harmadik világ országai --- zemlje Trećega svijeta --- tredje världen --- vendet e Botës së Tretë --- tiers monde --- tretí svet --- armes Land --- Τρίτος Κόσμος --- PVD --- pays du tiers monde --- Terceiro Mundo --- trešās pasaules valstis --- land i tredje världen --- Land der Dritten Welt --- kolmannen maailman maat --- kolmas maailma --- Treći svijet --- PVS --- harmadik világ --- país em vias de desenvolvimento --- terzo mondo-paesi --- país en vías de desarrollo --- kolmas maailm --- krajiny tretieho sveta --- земји со низок животен стандард --- pays en voie de développement --- země třetího světa --- chudé země --- kolmanda maailma riigid --- trečiasis pasaulis --- paese sottosviluppato --- terzo mondo --- Bota e Tretë --- χώρες του τρίτου κόσμου --- χώρες υπό ανάπτυξη --- país del Tercer Mundo --- třetí svět --- Derde Wereld --- trešā pasaule --- uland --- Third World countries --- земји од Третиот свет --- trečiojo pasaulio šalys --- u-land --- țările Lumii a Treia --- dritte Welt --- international økonomi --- maailmamajandus --- svjetska ekonomija --- svetovno gospodarstvo --- ekonomi botërore --- internationell ekonomi --- internationale Wirtschaft --- διεθνής οικονομία --- svetové hospodárstvo --- economía internacional --- pasaules ekonomika --- ekonomija dinjija --- economie mondială --- internationale economie --- světová ekonomika --- международна икономика --- светска економија --- economia internazionale --- világgazdaság --- world economy --- kansainvälinen talous --- pasaulio ekonomika --- светска привреда --- gospodarka światowa --- economia internacional --- economía mundial --- economia mundial --- economie internațională --- παγκόσμια οικονομία --- économie mondiale --- wereldeconomie --- global ekonomi --- globalna ekonomija --- ekonomi ndërkombëtare --- světové hospodářství --- глобална економија --- rahvusvaheline majandus --- starptautiskā ekonomika --- svjetsko gospodarstvo --- nemzetközi gazdaság --- mezinárodní hospodářství --- verdensøkonomi --- globální ekonomika --- economia mondiale --- tarptautinė ekonomika --- Weltwirtschaft --- världsekonomi --- medzinárodné hospodárstvo --- international economy --- меѓународна економија --- deflazzjoni --- deflácia --- deflatie --- дефлация --- дефлација --- díbhoilsciú --- deflacija --- deflace --- deflazione --- deflație --- Deflation --- deflation --- deflacion --- αντιπληθωρισμός --- deflaatio --- deflācija --- deflação --- defliacija --- deflación --- defláció --- deflatsioon --- deflacja --- deflációs politika --- deflationistische Politik --- politica deflazionistica --- deflationspolitik --- дефлациска политика --- politique déflationniste --- αντιπληθωριστική πολιτική --- política deflacionista --- defliacinė politika --- gap deflazionistico --- politică deflaționistă --- deflācijas politika --- дефлациски тенденции --- deflaatiopolitiikka --- recessione --- deflatsioonipoliitika --- stagnazione --- politikë deflacioniste --- deflační politika --- deflatoire politiek --- deflačná politika --- deflationary policy --- krizë monetare --- monetaire crisis --- crisi monetaria --- měnová krize --- valuuttakriisi --- crisis monetaria --- monetarna kriza --- denarna kriza --- monetáris válság --- menová kríza --- valutakrise --- valūtas krīze --- парична криза --- criză monetară --- pinigų krizė --- Währungskrise --- crise monetária --- valutakris --- valuutakriis --- kryzys walutowy --- νομισματική κρίση --- kriżi monetarja --- monetary crisis --- монетарна криза --- géarchéim airgeadra --- kriżi finanzjarja --- krize měny --- crise financière --- finanční krize --- criză financiară --- finanšu krīze --- géarchéim airgeadais --- rahanduskriis --- nemzetközi pénzügyi válság --- Schuldenkrise --- crise financeira --- monetær krise --- rahoituskriisi --- finančná kríza --- crisi finanziaria --- krizë financiare --- finansiell kris --- currency crisis --- finančna kriza --- finanskris --- finantskriis --- kryzys finansowy --- financial crisis --- финансијска криза --- internationale Finanzkrise --- pénzügyi válság --- меѓународна финансиска криза --- валутна криза --- financiële crisis --- crisis financiera --- mezinárodní finanční krize --- финансиска криза --- χρηματοοικονομική κρίση --- должничка криза --- finanskrise --- krize finančního systému --- криза на финансискиот систем --- Finanzkrise --- финансова криза --- finansinė krizė --- tíortha i mbéal forbartha --- geilleagar an domhain --- géarchéim airgeadaíochta --- Pays en développement --- Crise monétaire --- Déflation --- Économie internationale
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This outlook provides a focused assessment of the state of public capital in the major European countries and identifies areas where public investment could contribute more to stable and sustainable growth. A European Public Investment Outlook brings together contributions from a range of international authors from diverse intellectual and professional backgrounds, providing a valuable resource for the policy-making community in Europe to feed their discussion on public investment. The volume both offers sector-specific advice and highlights larger areas which should be prioritized in the policy debate (from transport to social capital, R&D and the environment). The Outlook is structured into two parts: the chapters of Part I respectively explore public investment trends in France, Germany, Italy, Spain and Europe as a whole, and illuminate how the legacy of the 2008 Global Financial Crisis is one of insufficient public investment. Part II investigates some areas into which resources could be channelled to reverse the recent trend and provide European economies with an adequate public capital stock. The essays in this outlook collectively foster a broad approach to and definition of public investment, that is today more relevant than ever. Offering up a timely and clear case for the elimination of bias against investment in European fiscal rules, this outlook is a welcome contribution to the European debate, aimed both at policy makers and general readers. As with all Open Book publications, this entire book is available to read for free on the publisher’s website. Printed and digital editions, together with supplementary digital material, can also be found at www.openbookpublishers.com
Economics --- Business --- European countries --- growth --- state of public capital --- public investment --- policy-making community
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