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Monetary policy and wage bargaining in the EMU : restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation

Hein, Eckhard - 2002

Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this model the NAIRU is considered to be a short-run...

Persistent link: https://www.econbiz.de/10010486113

Uneinheitliche Signale: Zentralbankunabhängigkeit und koordinierte Lohnaushandlung in der Europäischen Währungsunion

Hall, Peter A.; Franzese, Robert J. <jr.> - In: Die politische Ökonomie der europäischen Integration, (pp. 369-405). 2008

Persistent link: https://www.econbiz.de/10003780834

Unions power, collective bargaining and optimal monetary policy

Faia, Ester (contributor); Rossi, Lorenza (contributor) - 2008

We study the design of optimal monetary policy (Ramsey policies) in a model with sticky prices and unionized labour markets. Collective wage bargaining and unions monopoly power tend to dampen wage fluctuations and to amplify employment fluctuations relatively to a DNK model with walrasian...

Persistent link: https://www.econbiz.de/10003811855

Why EMU is not a failure

Grüner, Hans Peter - In: European journal of political economy 26 (2010) 1, pp. 1-11

Persistent link: https://www.econbiz.de/10003940116

[Rezension von: Carlberg, Michael, Monetary and wage policies in the Euro area, with 65 tables]

Silva, André C. - In: Journal of economic literature 45 (2007) 3, pp. 751-752

Persistent link: https://www.econbiz.de/10003580700

Union power, collective bargaining, and optimal monetary policy

Faia, Ester; Rossi, Lorenza - In: Economic inquiry : journal of the Western Economic … 51 (2013) 1, pp. 408-427

Persistent link: https://www.econbiz.de/10009753927

Has the EMU reduced wage growth and unemployment? : testing a model of trade union behavior

Mikosch, Heiner; Sturm, Jan-Egbert - 2011

By using a model of trade union behaviour Grüner (2010) argues that the introduction of the European Monetary Union (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary centralization lets the central bank react less flexibly to...