Hein, Eckhard - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 01 (2004) 1, pp. 43-66
In this paper the New Keynesian long run equilibrium view of a non-accelerating-inflation-rate-of-unemployment (NAIRU … employment arising from inflation fuelled by distribution conflict, which is enforced by monetary policies. In the long run, the … is also shown that effective coordination of wage bargaining is a better means to stabilise inflation rates and …