1. Grievance arbitration in the United States; an analysis of its functions and effects, by J. Stieber.--2. Compulsory arbitration in Britain: the work of the Industrial Disputes Tribunal, by W. E. J. McCarthy.--3. Check-off agreements in Britain: a study of their growth and functions, by A. I....

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...