@techreport{Hefeker2004Uncertainty,
abstract = {The enlargement of the European Monetary Union is likely to lead to an increase of uncertainty
about the transmission of monetary policy for the larger union. Adding new
members to the central bank council will in addition imply that the preferences of the
enlarged council will be uncertain in the initial period. The paper considers the influence
of both types of uncertainty on wage setting behavior in the larger monetary union
and its effects on unemployment. In light of these effects, implications for the adequate
structure of the central bank are derived.},
author = {Carsten Hefeker},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E58; D72; 330; Monetary Policy Uncertainty; Wage Setting; European Central Bank; Euro Area; Accession Countries; Europ\"{a}ische Wirtschafts- und W\"{a}hrungsunion; EU-Erweiterung; Geldpolitik; Risiko; Glaubw\"{u}rdigkeit; Lohnbildung; Transmissionsmechanismus; Arbeitslosigkeit; Theorie},
language = {eng},
number = {272},
title = {Uncertainty, Wage Setting and Decision Making in a Monetary Union},
type = {HWWA Discussion Paper},
url = {http://hdl.handle.net/10419/19244},
year = {2004}
}
