Incomplete monetary union and Europe's current crisis -- From order to disorder : how monetary union changed national labor markets -- Monetary regimes, sectoral wage relations and the current account crisis in the EMU south : empirical evidence -- National central banks promoting inflation...

Collective bargaining agreements have been said to decrease deployment since the work of Calmfors and Driffill (1988). We investigate empirically whether opening clauses, flexible elements that have been introduced to reduce the decline in coverage, can indeed minimise this effect and increase...

This paper analyses the impact of opening clauses in German collective bargaining agreements (CBAs) on job flows. Opening clauses should provide firms with more flexibility in economic crises. Therefore, firms operating under a CBA with opening clauses are expected to have lower job turnover, in...