The objective of this paper is to assess how the level of unionisation and the rigidity of the exchange rate affects … wages and monetary policy in South-East Europe and the Commonwealth of Independent States, with a particular focus on the … recent economic crisis. Towards that end, a New Keynesian model with price and wage rigidities is used. Results suggest that …

affected wages and monetary policy in SEE and CIS during the ongoing economic crisis. Towards that end, a New Keynesian model … unions: in crisis times, weak economy drags wages down in low-unionized countries and monetary policy relaxes in these … drag wages down in crisis times and central banks in these countries are found not to react to economic activity, prices or …

affected wages and monetary policy in SEE and CIS during the ongoing economic crisis. Towards that end, a New Keynesian model … unions: in crisis times, weak economy drags wages down in low-unionized countries and monetary policy relaxes in these … drag wages down in crisis times and central banks in these countries are found not to react to economic activity, prices or …

affected wages and monetary policy in SEE and CIS during the ongoing economic crisis. Towards that end, a New Keynesian model … unions: in crisis times, weak economy drags wages down in low-unionized countries and monetary policy relaxes in these … drag wages down in crisis times and central banks in these countries are found not to react to economic activity, prices or …

particular focus on the recent economic crisis. Toward that end, a New Keynesian model with price and wage rigidities is used …. The results show that monetary policy responded counter-cyclically during the crisis only in countries with weak trade … these countries is not economic activity, but wages, which are affected to a large extent by trade unions. Therefore, trade …

particular focus on the recent economic crisis. Toward that end, a New Keynesian model with price and wage rigidities is used …. The results show that monetary policy responded counter-cyclically during the crisis only in countries with weak trade … these countries is not economic activity, but wages, which are affected to a large extent by trade unions. Therefore, trade …

conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions … questions: First, what have we learnt from the crisis for the conduct of monetary policy? Second, what have we learnt from the … crisis for the coordination of monetary, fiscal and macroprudential policies. And third, how did the Monetary Transmission …