Why Should We Debate the Theory of Macrojustice?- THE MACROJUSTIC OF SERGE-CHRISTOPHE KOLM: General Presentation …The "Theory of Macrojustice”, introduced by S.-C. Kolm, is a stimulating contribution to the debate on the …

Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that …-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable …

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting …, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation …-side shocks. Since inflation and output are targeted simultaneously, none of the two policies is strictly dominant. Contents …

fact that indexation mechanisms adjust prices and wages, yielding the inertial component of inflation. The dynamics of …This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two … phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using …

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the …

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …