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

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the … Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and …

, underemployment is still an issue. Despite the recent rise in inflation, driven mostly by supply-side disruptions and energy prices …

suggests that a persistent higher IRD can evoke multiple responses, including currency depreciation, specialization, inflation …, and wage drift. The model suggests that excessive long-lasting IRD can spark a chronic interaction between inflation and …