Inflation and Unemployment in a Monetary Union

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The book explores the interplay between inflation and unemployment within a monetary union, emphasizing the conflicting priorities of the European Central Bank and the governments of Germany and France. It investigates strategies to minimize the economic losses associated with these issues, questioning whether coordinated monetary and fiscal policies are more effective than sequential decision-making processes. This work is part of a broader research initiative on the European Monetary Union and has been presented at various prestigious economic conferences.