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Market constellations and macroeconomic policy-making: institutional impacts on economic performance
Heise, Arne - 2005
Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium but claims the existence of multiple equilibrium positions. In this article, such a multiple of equilibrium positions is explained by different market constellations which are...
Persistent link: https://www.econbiz.de/10010298499
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Central banks, trade unions and reputation - is there room for an expansionist manoeuvre in the European Union?
Pusch, Toralf; Heise, Arne - 2008
It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment … a high unemployment rate as high as the NAIRU. However, there is also a slight chance that a central bank might take the …
Persistent link: https://www.econbiz.de/10010302517