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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. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic...