Monetary policy in transition

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Sebastian Dullien

"Sebastian Dullien gives a explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of cooperation between unions and monetary authorities. In an economy with endogenous money and monopolistic competition in good markets, the standard economic textbooks' distribution of macroeconomic responsibilities are turned upside down - wage setters are now responsible for price stability while the European Central Bank is responsible for level of output." "Only unions with a small and limited constituency can increase employment by simple wage restraint. However, this is shown to be a beggar-thy-neighbour policy, destroying employment elsewhere. On a European level, only when unions and the central bank cooperate can high employment and low inflation be achieved simultaneously. The institutional set-up with the 1999 Cologne process is found to be unable to assure such a cooperation."--BOOK JACKET.

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Robert E. Hall

This volume presents the latest thoughts of as brilliant group of young economists on one of the most persistent economic problems facing the United States ad the world, inflation. Rather than attempting an encyclopedic effort or offering specific policy recommendations, the contributors have emphasized the diagnosis of problems and the description of events that economists most thoroughly understand. Reflecting a dozen diverse views-many of which challenge established orthodoxy-they illuminate the economic and political processes involved in this important issue.

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David A. Adler

Discusses the reasons for inflation, the effects it has on the spending power of the government and the individual, the influence of supply and demand, and what can be done to curb this phenomena.

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Allen N. Mendler

What Do I Do When ...? reviews and updates the principles upon which the Discipline With Dignity program (created by Drs. Allen Mendler and Richard Curwin) is founded. It summarizes the key methods and describes some new approaches to difficult behavior. It also addresses motivations for student misbehavior, principles behind effective disciple, the process of changing the focus of discipline, and the most effective classroom methods of discipline. Educators will learn how to deal with power struggles, how to implement unconventional methods of discipline, effective strategies for working with parents, and ways to have an impact on schoolwide discipline.