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https://hdl.handle.net/10419/39559
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Cavallari, Lilia | en |
dc.date.accessioned | 2010-09-01T09:47:54Z | - |
dc.date.available | 2010-09-01T09:47:54Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/39559 | - |
dc.description.abstract | Building on a micro-founded model of a two region-world economyin the tradition of the new open economy literature, this paperanalyses the strategic interaction of large wage-setters and the centralbank when switching from a regime of uncoordinated national monetarypolicies to a monetary union. The establishment of a monetaryunion is shown to favour wage restraint, provided the uni…ed centralbank is not too conservative. Wage discipline may reduce equilibriumin‡ation in a monetary union relative to the one under uncoordinatednational monetary policies when wage setting is centralisedacross member countries. | en |
dc.language.iso | eng | en |
dc.publisher | |aRheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI) |cBonn | en |
dc.relation.ispartofseries | |aZEI Working Paper |xB 11-2001 | en |
dc.subject.jel | E5 | en |
dc.subject.jel | F4 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | monetary union | en |
dc.subject.keyword | wage bargaining | en |
dc.subject.keyword | inflationary bias | en |
dc.subject.stw | Währungsunion | en |
dc.subject.stw | Inflation | en |
dc.subject.stw | Lohnverhandlungstheorie | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Internationale wirtschaftspolitische Koordination | en |
dc.title | Inflationary performance in a monetary union with large wage setters | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 824443470 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zeiwps:B112001 | en |
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