This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.

This book advances novel tools for the study, analysis, and development of public policy, essential in a world of growing diversity, complexity, and accelerating change. Inspired by research in technology innovation, the book brings its forward applications into the studies of policy and institutional systems, answering, among others, the disciplinary need for a common model of change. Relating together the dynamics and the structure of policy evolution, the unified approach offers scholars important new insights into the logics and direction of policy development while advancing policy practitioners’ capacity for forecasting and optimizing designs. Analyzing social and labour market policy development across two model jurisdictions, the United Kingdom and Denmark, it substantiates the new approach while demonstrating its significance to the study of welfare modernization and to policy scholarship more generally. The book will be of key interest to scholars and students of policy and institutional development, policy analysis, and public administration and management, as well as comparative policy, evolutionary and complexity policy, and social policy and welfare state modernization research.

A comprehensive graduate-level text and professional reference covering all aspects of labor economics.

The focus of Joseph Stiglitz's work in economics throughout his long and distinguished career has been on the real world, with all of its imperfections.

This book provides an introduction and overview to seven applied financial studies on the theme of labour. The studies cover a wide range of topics, from the individual effects of becoming disabled on key aspects of labour market outcomes in Germany, to testing whether there is evidence of compression of morbidity using Health and Retirement Study (HRS) data and analysing the effects of this on the labour supply of older people. The studies employ a variety of applied techniques across a range of countries. This book was originally published as a special issue of Applied Economics.