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Wage formation --- Business cycles --- Wage-price policy --- Prix et salaires, Politique des --- Unemployment --- Effect of inflation on --- 331.215 --- 336.748.12 --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- 333.845 --- 333.846.3 --- Loonniveau. Loonhoogte. Loonbevriezing. Nominaal loon. Reel loon. Maximum loon. Minimum loon --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Stagflatie. --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen. --- chomage --- inflation --- salaires --- werkloosheid --- inflatie --- lonen --- Wage-price policy. --- Effect of inflation on. --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- 331.215 Loonniveau. Loonhoogte. Loonbevriezing. Nominaal loon. Reel loon. Maximum loon. Minimum loon --- Incomes policy --- Jawboning --- Price-wage policy --- Wage-price controls --- Wage-price guidelines --- Anti-inflationary policies --- Economic policy --- Stagflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen --- Unemployment - Effect of inflation on

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Economists and the governments they advise have based their macroeconomic policies on the idea of a natural rate of unemployment. Government policy that pushes the rate below this point-about 6 percent-is apt to trigger an accelerating rate of inflation that is hard to reverse, or so the argument goes. In this book, Storm and Naastepad make a strong case that this concept is flawed: that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist. Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high unemployment and sustained inequality.Skillfully merging theoretical and empirical analysis, Storm and Naastepad show how the NAIRU's neglect of labor's impact on technological change and productivity growth eclipses the many positive contributions that labor and its regulation make to economic performance. When these positive effects are taken into account, the authors contend, a more humane policy becomes feasible, one that would enhance productivity and technological progress while maintaining profits, thus creating conditions for low unemployment and wider equality.

BUSINESS & ECONOMICS --- Economics / Macroeconomics --- Natural rate of unemployment --- Macroeconomics --- Monetary policy --- Business & Economics --- Labor & Workers' Economics --- Natural rate of unemployment. --- Macroeconomics. --- Monetary policy. --- Monetary management --- NAIRU (Non-accelerating inflation rate of unemployment) --- Non-accelerating inflation rate of unemployment --- Economic policy --- Currency boards --- Money supply --- Economics --- Equilibrium (Economics) --- Unemployment --- Inflation (Finance) --- E-books --- 331.31 --- 332.620 --- 333.841 --- 333.846.3 --- AA / International- internationaal --- Economisch beleid --- Werkloosheid: algemeenheden. Philipscurve --- Inflatie --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen

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Labor unions --- Collective bargaining --- Banks and banking, Central --- Monetary policy --- Unemployment --- Wages --- AA / International- internationaal --- DK / Denmark - Denemarken - Danemark --- FI / Finland - Finlande --- NO / Norway - Noorwegen - Norvège --- SE / Sweden - Zweden - Suede --- 331.31 --- 330.580 --- 332.27 --- 332.87 --- 333.846.3 --- -Collective bargaining --- -Banks and banking, Central --- -Monetary policy --- -Unemployment --- -Wages --- -339.50948 --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Prices --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Bargaining --- Labor negotiations --- Industrial relations --- Negotiation in business --- Industrial unions --- Labor, Organized --- Labor organizations --- Organized labor --- Trade-unions --- Unions, Labor --- Unions, Trade --- Working-men's associations --- Labor movement --- Societies --- Central labor councils --- Guilds --- Syndicalism --- Economisch beleid. --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden. --- Loonpolitiek. --- Syndicaten. Beroepsverenigingen. Arbeidersverenigingen. --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen. --- Europe, Northern --- -Northern Europe --- -Economic policy --- 339.50948 --- Gecontroleerde economie. Geleide economie. Welvaarststaat. Algemeenheden --- Economisch beleid --- Loonpolitiek --- Syndicaten. Beroepsverenigingen. Arbeidersverenigingen --- Verband tussen de geld-, bank- en kredietpolitiek en de lonen --- Northern Europe --- Economic policy. --- Labor unions - Europe, Northern. --- Collective bargaining - Europe, Northern. --- Banks and banking, Central - Europe, Northern. --- Monetary policy - Europe, Northern. --- Unemployment - Europe, Northern. --- Wages - Europe, Northern.

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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.