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Understanding EMU : the role of labour market institutions -- The other road to Maastricht : currency blocs, wage moderation, and social conflict -- The perils of coordination : wages and labour relations from the European Monetary System to EMU -- Diversity without unity : labour unions and...
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Netherlands and in Ireland, a consensual strategy of wage restraint for improving the competitiveness of the economy and …
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It is now a few years since the introduction of the common currency, and Europe is still experiencing high unemployment. The conventional logic attributes this problem to strong trade unions and other flaws in the labour market. This article takes a different approach. Using a game theoretic...
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The Target imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment … mechanism for the member countries. As the Eurozone lacks a fiscal union, in economic theory it is more an exchange rate union … payments, but only one for the whole Eurozone. This paper will show why the Target System is a crucial indicator for the …
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