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price levels. Since the launch of European Monetary Union (EMU), a further significant macroeconomic aspect has been added …
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factors with central importance in EMU. Flexibility in labor markets functioning and wage-setting aiming to nominal and real … proposition associated with the new ‘pact for euro’. Aiming to formulate a flexible wage setting framework in EMU, complementary … we aim at assuring competitiveness and external balance, the crucial preconditions for job creation in EMU. …
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This paper examines the effect of monopolistic labour unions' behavior on governments' incentives to undertake labour market reform, inside and outside a symmetric and an asymmetric monetary union (MU). Incentives for reform are increased inside the MU when governments and labour unions move...
Persistent link: https://www.econbiz.de/10014065593
This paper analyses how wage policy in Austria and the Netherlands was affected by economic and monetary union (EMU …). The paper concludes that EMU and the macroeconomic shifts resulting from it have had little influence on wage-setting in … Austria and the Netherlands. While wage restraint outcomes did diverge for both countries after the start of EMU, this paper …
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