Uncertainty and wage setting in a monetary union

被引:4
|
作者
Hefeker, Carsten [1 ]
机构
[1] Univ Siegen, HWWI Hamburg & CESifo, Munich, Germany
来源
MANCHESTER SCHOOL | 2008年 / 76卷 / 04期
关键词
D O I
10.1111/j.1467-9957.2008.01071.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 in addition implies that the policy reaction of the enlarged council will be uncertain for an initial period. The paper considers the influence of both types of uncertainty on wage setting and unemployment in the larger monetary union.
引用
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页码:391 / 404
页数:14
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