Wage moderation in the European Union: Experiments with the multi-country model EUROMON
AbstractThe paper has been presented by the author at the Clingendael/DNB workshop `The Netherlands´ Polder model: does it offer any clues for the solution of Europe's socioeconomic flaws' (June 4th 1999). On the basis of a set of simulations with the Bank´s multi-country model the paper discusses whether wage moderation is a suitable remedy to tackle the unemployment problem in the European Union. The main findings are that individual countries may benefit from a restrained wage policy. This holds for small open economies like The Netherlands as well as for larger economies like Germany and France. Nominal wage moderation at a European scale, however, seems to be less effective, although some improvement in economic and labour market conditions turn up in the longer run.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Netherlands Central Bank, Research Department in its series WO Research Memoranda (discontinued) with number 588.
Date of creation: 1999
Date of revision:
Polder Model; wage moderation in EU; simulations with EUROMON;
Find related papers by JEL classification:
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet).
If references are entirely missing, you can add them using this form.