Peter, Gruener Hans; Bernd, Hayo; Carsten, Hefeker - In: The B.E. Journal of Macroeconomics 9 (2009) 1, pp. 1-25
Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both a theoretical and empirical point of view. Our analysis is based on a simple model...