Belke, Ansgar; Herz, Bernhard; Vogel, Lukas - 2006
first place, EMU enhances the credibility of monetary policy and thereby lowers
inflation expectations. Negative employment … rules where reforms reduce both unem-
ployment and an inflation bias. In contrast, rule-based monetary policy inside EMU ….
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Grüner, H.S. and Hefeker, C. (1996). Militant Labor and Inflation Aversion - The Im-
pact of EMU on Labor Union …