Dissecting the Two-Handed Approach
| Title: | Dissecting the Two-Handed Approach |
|---|---|
| Authors: | Jürgen Jerger; Oliver L; Jel Codes E; Prof Dr; Oliver Landmann; Universität Freiburg |
| Contributors: | The Pennsylvania State University CiteSeerX Archives |
| Source: | http://www.vwl.uni-freiburg.de/fakultaet/wt/data/downloads/papers/0607_landmann.pdf. |
| Publication Year: | 2006 |
| Collection: | CiteSeerX |
| Subject Terms: | Who’s the Expert Hand For What |
| Description: | forthcoming in Applied Economics Quarterly 3/2006 Abstract: In this paper, we address the question of the macroeconomic assignment problem of wage and demand policy that is implicit in the “two-handed approach”. As a novelty relative to the existing literature, we thereby distinguish the two levels of policy instruments and policy makers. Unfortunately, but also illuminatingly for the policy debate, these two perspectives may well lead to opposing policy recommendations. Whereas demand policy is likely to be the instrument better suited to target output – and hence wage policy to target inflation – it is equally plausible that demand and wage policy makers should not be entrusted with these targets. |
| Document Type: | text |
| File Description: | application/pdf |
| Language: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.322.8775 |
| Availability: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.322.8775; http://www.vwl.uni-freiburg.de/fakultaet/wt/data/downloads/papers/0607_landmann.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: | edsbas.44C0305 |
| Database: | BASE |