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Uncertainty And Wage Setting In A Monetary Union

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Author Info
CARSTEN HEFEKER

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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 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. Copyright © 2008 The Author. Journal compilation © 2008 Blackwell Publishing Ltd and The University of Manchester.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9957.2008.01071.x
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Publisher Info
Article provided by University of Manchester in its journal Manchester School.

Volume (Year): 76 (2008)
Issue (Month): 4 (07)
Pages: 391-404
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Handle: RePEc:bla:manchs:v:76:y:2008:i:4:p:391-404

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This page was last updated on 2009-12-19.

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