features, such as the degree of centralization of wage bargaining, labour unions' inflation aversion and the degree of … monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of …

crises. We combine a model of optimal debt repudiation, through inflation-devaluation, with a stochastic balance of payments …

with the same currency. Countries adopting full dollarization of its economy profit immensely as low inflation and low …

authorities. However, more opacity could imply higher inflation and unemployment when the union is large enough and induce higher … inflation and output-gap variability. An enlargement of the union incites national governments to increase tax rate, and weakens … quite conservative. It induces an increase in the level of inflation and unemployment, and could increase inflation and …