This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...

This paper deals with the role of the Danish shop steward system at five manufacturing firms which have introduced more flexible management systems during 1993-95. The firms have been part of the DISKO survey which covered 1900 Danish private firms (http: // www. business .auc. dk/ ike/ disko/)....