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The Labour Market in a Keynesian Economic Regime : Theoretical Debate and Empirical Findings

Herr, Hansjörg - 2010

In a Keynesian mode of thinking wages become the nominal anchor for the price level because unit-labour costs in a closed economy represent the most important factor in determining the price level. The second most important driver of price level changes is the exchange rate. A positive economic...

Persistent link: https://www.econbiz.de/10013151089

The effects of European Economic and Monetary Union on wage behaviour

Lauer, Charlotte - 1999

This paper evaluates the possible consequences of the forthcoming European and Monetary Union on wage behaviour. It will be shown that EMU does not influence wage policy directly, but rather indirectly through its implications on other areas of economic policy, predominantly on monetary policy....

Persistent link: https://www.econbiz.de/10011294707

Introducing minimum wages in Germany : employment effects in a post Keynesian perspective

Heise, Arne; Pusch, Toralf - 2018 - Revised version

There has been a long discussion about the employment impact of minimum wages and this discussion has recently been … any direction. As an alternative, a Post Keynesian twosector model including an employment market is presented here. Its … most likely prediction of a negligible employment effect and a sectoral shift is tested against the German case of an …

Persistent link: https://www.econbiz.de/10011803177

Arbeitsmarkt und Beschäftigung

Schlicht, Ekkehart - 2006

The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We … find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about … changes in wages and prices and entail political and monetary responses. The goals of price stability and full employment …

Persistent link: https://www.econbiz.de/10003368130

The Effects of European Economic and Monetary Union on Wage Behaviour

Lauer, Charlotte - 1999

Persistent link: https://www.econbiz.de/10010262269

Arbeitsmarkt und Beschäftigung

Schlicht, Ekkehart - 2006

Persistent link: https://www.econbiz.de/10010427449

Keynesian and monetarist views on the German unemployment problem : theory and evidence

Gottschalk, Jan - 2002

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This paper aims to review the contribution of Keynesian and monetarist theories to this controversy and explores empirically their implications for the explanation...

Persistent link: https://www.econbiz.de/10011474695