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This Paper analyses the interaction between a common monetary policy and differentiated labour market institutions. We develop a model of a two country monetary union. In each country, labour market institutions are distinguished by the degree of centralization in wage bargaining. In each...
Persistent link: https://www.econbiz.de/10005123920
quarterly model. We examine critically the EC's stochastic simulation exercise using the IMF Multimod world model. The …
Persistent link: https://www.econbiz.de/10005114257