IDEAS home Printed from https://ideas.repec.org/a/aeq/aeqaeq/v52_y2006_i3_q3_p50-70.html
   My bibliography  Save this article

Dissecting the Two-Handed Approach: Who’s the Expert Hand For What?

Author

Listed:
  • Jürgen Jerger
  • Oliver Landmann

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.

Suggested Citation

  • Jürgen Jerger & Oliver Landmann, 2006. "Dissecting the Two-Handed Approach: Who’s the Expert Hand For What?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 52(3), pages 50-70.
  • Handle: RePEc:aeq:aeqaeq:v52_y2006_i3_q3_p50-70
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pusch, Toralf & Heise, Arne, 2008. "Central Banks, Trade Unions and Reputation – Is there Room for an Expansionist Manoeuvre in the European Union?," MPRA Paper 19719, University Library of Munich, Germany.
    2. Arne Heise & Özlem Görmez Heise, 2010. "Europäische Wirtschaftsregierung - Notwendige Ergänzung der EWU oder unrealistische Illusion?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 36(3), pages 325-347.
    3. Pusch, Toralf, 2007. "Verteilungskampf und geldpolitische Sanktion," Working Papers on Economic Governance 23, University of Hamburg, Department of Socioeconomics.

    More about this item

    Keywords

    Wage Policy; Demand Policy; Assignment Problem; Two-Handed Approach;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aeq:aeqaeq:v52_y2006_i3_q3_p50-70. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Deborah Anne Bowen). General contact details of provider: http://www.duncker-humblot.de .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.