Hein, Eckhard - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 222, pp. 299-337
Assessing the effects of monetary policy and wage bargaining on employment andinflation in the European Monetary Union (EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money. In this model the NAIRU is considered to be a short-run...
