Monetary and Wage Policies in the Euro Area

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The book delves into the dynamics of monetary and wage policies within the euro area, emphasizing the competition and cooperation among key institutions such as the European Central Bank and labor unions. It explores the implications of these policies for price stability and full employment, highlighting strategies like co-turkey and gradualism. Unique features include numerical simulations and solutions that illustrate policy interactions. This work is part of a broader research initiative on the European Monetary Union, with findings presented at various international economic forums.