Are wage policies desirable and feasible? European experiences

Jesus Ferreiro

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A Modern Guide to State Intervention

Economic Policies for Growth and Sustainability

Elgar Modern Guides

Edited by Nikolaos Karagiannis and John E. King

A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.

Monograph Book

Published in print:: 08 Oct 2019

ISBN:: 9781789905076

eISBN:: 9781789905083

DOI:: https://doi.org/10.4337/9781789905083

Pages:: c 328

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Chapter 12: Are wage policies desirable and feasible? European experiences

Jesus Ferreiro

Monograph Chapter

Published:: 8 October 2019

DOI:: https://doi.org/10.4337/9781789905083.00022

Pages:: 240–252 (13 total)

Collection: Economics 2019

Abstract

Ferreiro analyses the role played by wages in the Post Keynesian approach, and discusses conditions that favoured the implementation of wage policies in Europe during the 1990s. Considering the decline of wage policies after the creation of the Economic and Monetary Union, the author focuses on the potential role to be played by these policies in the current economic situation. Along with an increase in aggregate demand, a full-employment agenda is necessary.

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