This note qualifies previous results on the beneficial effects of a non-accommodating monetary rule on employment by considering the case where the central bank is not fully transparent about its reaction to wages.

Recent contributions have shown that in the presence of strategic interactions be- tween non atomistic unions and the central bank, an accommodating monetary policy rule may increase equilibrium unemployment. This note demonstrates that this result can be reversed considering the case where the...

Cet article s'interroge sur l'applicabilité d'un système de négociations salariales coordonnées dans l'Union Economique et Monétaire (UEM). Nous évoquons, dans un premier temps, les gains en termes d'emploi, que pourrait générer une telle démarche. Nous montrons ensuite que si les...

This paper analyses the case of a monetary union between identical countries characterised by oligopolistic competition in their labour market. It suggests that the switch to a common currency may improve their macroeconomic performances depending on labour market features.

This contribution develops a framework for studying the effects of the enlargement of a monetary union on macroeconomic performances in the presence of strategic interactions between non-atomistic labor unions, monetary, and fiscal authorities. We show that the integration of new identical...

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