; unemployment ; wages … (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade …

; unemployment ; wages … (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade …

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 …