Jerger, Jürgen; Landmann, Oliver - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 52 (2006) 3, pp. 50-70
In this paper, we address the question of the macroeconomic assignment problem of wage and demand policy that is implicit in the “two-handed approach”. As a novelty relative to the existing literature, we thereby distinguish the two levels of policy instruments and policy makers....