Studies the interactions between monetary and wage policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. It also features numerical simulations of policy competition and numerical solutions to policy cooperation

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, wage setters are responsible for price stability while...

This is what we've all been waiting for - a book that demystifies the European community's monetary union. Unlike other books, this one provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. The most important case in...

Dieses Buch beschäftigt sich damit, wie sich die Arbeitswelt in Zukunft verändern wird, wie diese Veränderungen gestaltet werden können und welche Auswirkungen auf Wirtschaft, Verwaltung und Gesellschaft zu erwarten sind. Die Digitale Transformation führt durch technologische Entwicklungen...

Chapter 1. Introduction: What is Concession Bargaining? -- Chapter 2. The World of Concession Bargaining -- Chapter 3. The First Wave: Concession Bargaining in the 1980s -- Chapter 4. The Second Wave: The Ultra-Concession Bargaining of the Past Decade -- Chapter 5. The Message Behind the New...

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...

Investors are trying to generate excess returns through active investment strategies. Since the outbreak of the financial crisis, investors face a situation where increased risks are accompanied by falling key interest rates. An optimal portfolio in terms of risk and return becomes a perpetual...

Dieses Open-Access-Buch erläutert ein Handlungsmodell zur Gestaltung sozialer Versorgung. Das Modell beinhaltet 16 Gestaltungsaufgaben, die sich an den wesentlichen Planungs- und Steuerungsaufgaben sozialer Versorgung und den vier Phasen eines Managementkreislaufes (Analyse,...