European Economic and Monetary Union’s perverse effects on sectoral wage inflation: Negative feedback effects from institutional change?
Author
Abstract
Suggested Citation
DOI: 10.1177/1465116512439114
Download full text from publisher
References listed on IDEAS
- Danthine, Jean-Pierre & Hunt, Jennifer, 1994.
"Wage Bargaining Structure, Employment and Economic Integration,"
Economic Journal, Royal Economic Society, vol. 104(424), pages 528-541, May.
- Jean-Pierre DANTHINE & Jennifer HUNT, 1992. "Wage Bargaining Structure, Employment and Economic Integration," Cahiers de Recherches Economiques du Département d'économie 9204, Université de Lausanne, Faculté des HEC, Département d’économie.
- Danthine, Jean-Pierre & Hunt, Jennifer, 1992. "Wage Bargaining Structure, Employment and Economic Integration," CEPR Discussion Papers 694, C.E.P.R. Discussion Papers.
- Cukierman, Alex & Lippi, Francesco, 1999.
"Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence,"
European Economic Review, Elsevier, vol. 43(7), pages 1395-1434, June.
- Cukierman, A. & Lippi, F., 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence," Discussion Paper 1998-116, Tilburg University, Center for Economic Research.
- Cukierman, A. & Lippi, F., 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence," Other publications TiSEM 887701f0-62c3-4059-9d6d-e, Tilburg University, School of Economics and Management.
- Beck, Nathaniel & Katz, Jonathan N., 1995. "What To Do (and Not to Do) with Time-Series Cross-Section Data," American Political Science Review, Cambridge University Press, vol. 89(3), pages 634-647, September.
- Iversen, Torben, 1998. "Wage Bargaining, Central Bank Independence, and the Real Effects of Money," International Organization, Cambridge University Press, vol. 52(3), pages 469-504, July.
- Anke Hassel, 2003. "The Politics of Social Pacts," British Journal of Industrial Relations, London School of Economics, vol. 41(4), pages 707-726, December.
- Backus, David & Driffill, John, 1985.
"Inflation and Reputation,"
American Economic Review, American Economic Association, vol. 75(3), pages 530-538, June.
- David Backus & John Driffill, 1984. "Inflation and Reputation," Working Paper 560, Economics Department, Queen's University.
- D. Backus & J. Driffil, 1998. "Inflation and Reputation," Levine's Working Paper Archive 625, David K. Levine.
- Bob HanckÈ & David Soskice, 2003. "Wage-Setting and Inflation Targets in EMU," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(1), pages 149-160.
- Cukierman Alex, 1992.
"Central Bank Strategy, Credibility, And Independance: Theory And Evidence,"
Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 3(4), pages 1-10, December.
- Alex Cukierman, 1992. "Central Bank Strategy, Credibility, and Independence: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031981, December.
- Hall, Peter A. & Franzese, Robert J., 1998. "Mixed Signals: Central Bank Independence, Coordinated Wage Bargaining, and European Monetary Union," International Organization, Cambridge University Press, vol. 52(3), pages 505-535, July.
- Frieden, Jeffry A., 1991. "Invested interests: the politics of national economic policies in a world of global finance," International Organization, Cambridge University Press, vol. 45(4), pages 425-451, October.
- Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584-584.
- Colin Crouch, 1990. "Trade Unions in the Exposed Sector: Their Influence on Neo-corporatist Behaviour," International Economic Association Series, in: Renato Brunetta & Carlo Dell’Aringa (ed.), Labour Relations and Economic Performance, chapter 3, pages 68-91, Palgrave Macmillan.
- Sandholtz, Wayne, 1993. "Choosing union: monetary politics and Maastricht," International Organization, Cambridge University Press, vol. 47(1), pages 1-39, January.
- Baccaro, Lucio & Simoni, Marco, 2010. "Organizational determinants of wage moderation," LSE Research Online Documents on Economics 33510, London School of Economics and Political Science, LSE Library.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Greg Fuller & Alison Johnston & Aidan Regan, 2018. "Bringing the Household Back in. Comparative Capitalism and the Politics of Housing Markets," Working Papers 201807, Geary Institute, University College Dublin.
- Alison Johnston & Aidan Regan, 2016. "European Monetary Integration and the Incompatibility of National Varieties of Capitalism," Journal of Common Market Studies, Wiley Blackwell, vol. 54(2), pages 318-336, March.
- Tim Vlandas, 2016. "The impact of the elderly on inflation rates in developed countries," LEQS – LSE 'Europe in Question' Discussion Paper Series 107, European Institute, LSE.
- Höpner, Martin & Lutter, Mark, 2014. "One currency and many modes of wage formation: Why the eurozone is too heterogeneous for the euro," MPIfG Discussion Paper 14/14, Max Planck Institute for the Study of Societies.
- Braakmann, Nils & Brandl, Bernd, 2016. "The Efficacy of Hybrid Collective Bargaining Systems: An Analysis of the Impact of Collective Bargaining on Company Performance in Europe," MPRA Paper 70025, University Library of Munich, Germany.
- Johnston, Alison & Regan, Aidan, 2014. "European integration and the incompatibility of national varieties of capitalism problems with institutional divergence in a monetary union," MPIfG Discussion Paper 14/15, Max Planck Institute for the Study of Societies.
- Paul Ramskogler, 2013. "The National–Transnational Wage-Setting Nexus in Europe: What have We Learned from the Early Years of Monetary Integration?," Journal of Common Market Studies, Wiley Blackwell, vol. 51(5), pages 916-930, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Johnston, Alison, 2011. "The revenge of Baumol's cost disease?: monetary union and the rise of public sector wage inflation," LSE Research Online Documents on Economics 53280, London School of Economics and Political Science, LSE Library.
- Alison Johnston, 2011. "The Revenge of Baumol's Cost Disease?: Monetary Union and the Rise of Public Sector Wage Inflation," LEQS – LSE 'Europe in Question' Discussion Paper Series 32, European Institute, LSE.
- Christoph S. Weber, 2020.
"The unemployment effect of central bank transparency,"
Empirical Economics, Springer, vol. 59(6), pages 2947-2975, December.
- Christoph S. Weber, 2017. "The Unemployment Effect of Central Bank Transparency," Working Papers 172, Bavarian Graduate Program in Economics (BGPE).
- Aidt, T.S. & Tzannatos, Z., 2005. "The Cost and Benefits of Collective Bargaining," Cambridge Working Papers in Economics 0541, Faculty of Economics, University of Cambridge.
- Daniels, Joseph P. & Nourzad, Farrokh & VanHoose, David D., 2006.
"Openness, centralized wage bargaining, and inflation,"
European Journal of Political Economy, Elsevier, vol. 22(4), pages 969-988, December.
- Joseph P. Daniels & Farrokh Nourzad & David D. VanHoose, 2005. "Openness, Centralized Wage Bargaining, and Inflation," Working Papers and Research 0505, Marquette University, Center for Global and Economic Studies and Department of Economics.
- Seppo Honkapohja & Frank Westermann, 2009.
"Pay-setting Systems in Europe: Ongoing Developments and Possible Reforms,"
Palgrave Macmillan Books, in: Seppo Honkapohja & Frank Westermann (ed.), Designing the European Model, chapter 3, pages 82-121,
Palgrave Macmillan.
- Lars Calmfors & Giancarlo Corsetti & Seppo Honkapohja & John Kay & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2004. "Pay-setting Systems in Europe: On-going Development and Possible Reforms," EEAG Report on the European Economy, CESifo, vol. 0, pages 61-83, October.
- Calmfors, Lars, 2001. "Wages and wage-bargaining institutions in the EMU – a survey of the issues," Seminar Papers 690, Stockholm University, Institute for International Economic Studies.
- Groth, Charlotta & Johansson, Asa, 2004.
"Bargaining structure and nominal wage flexibility,"
European Economic Review, Elsevier, vol. 48(6), pages 1349-1365, December.
- Groth, Charlotta & Johansson, Åsa, 2002. "Bargaining Structure and Nominal Wage Flexibility," Seminar Papers 709, Stockholm University, Institute for International Economic Studies.
- Lars Calmfors, 2001. "Wages and Wage-Bargaining Institutions in the EMU – A Survey of the Issues," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(4), pages 325-351, December.
- Alain Borghijs & Sjef Ederveen & Ruud de Mooij, 2003. "European wage coordination; nightmare or dream to come true? An economic analysis of wage bargaining institutions in the EU," CPB Discussion Paper 17.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Holden, Steinar, 2005.
"Monetary regimes and the co-ordination of wage setting,"
European Economic Review, Elsevier, vol. 49(4), pages 833-843, May.
- Holden,S., 2000. "Monetary regime and the co-ordination of wage setting," Memorandum 01/2000, Oslo University, Department of Economics.
- Steinar Holden, 2001. "Monetary Regimes and the Co-Ordination of Wage Setting," CESifo Working Paper Series 429, CESifo.
- Joanna Tyrowicz, 2009.
"When Eastern Labour Markets Enter Western Europe CEECs. Labour Market Institutions upon Euro Zone Accession,"
Working Papers
2009-03, Faculty of Economic Sciences, University of Warsaw.
- Tyrowicz, Joanna, 2009. "When Eastern Labour Markets Enter Western Europe CEECs. Labour Market Institutions upon Euro Zone Accession," MPRA Paper 15045, University Library of Munich, Germany.
- Joanna Tyrowicz, 2009. "When Eastern Labour Markets Enter Western Europe. CEECs Labour Market Institutions upon Euro Zone Accession," NBP Working Papers 61, Narodowy Bank Polski.
- Greg Fuller & Alison Johnston & Aidan Regan, 2018. "Bringing the Household Back in. Comparative Capitalism and the Politics of Housing Markets," Working Papers 201807, Geary Institute, University College Dublin.
- Tim Vlandas, 2016. "The impact of the elderly on inflation rates in developed countries," LEQS – LSE 'Europe in Question' Discussion Paper Series 107, European Institute, LSE.
- Dimick, Matthew & Rao, Neel, 2016. "Wage-setting institutions and corporate governance," Journal of Comparative Economics, Elsevier, vol. 44(4), pages 854-883.
- Cukierman, Alex & Lippi, Francesco, 1999.
"Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence,"
European Economic Review, Elsevier, vol. 43(7), pages 1395-1434, June.
- Cukierman, A. & Lippi, F., 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence," Discussion Paper 1998-116, Tilburg University, Center for Economic Research.
- Cukierman, A. & Lippi, F., 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Some Evidence," Other publications TiSEM 887701f0-62c3-4059-9d6d-e, Tilburg University, School of Economics and Management.
- Chouliarakis, George & Correa-López, Mónica, 2011. "Monetary institutions, imperfect competition and employment outcomes," The North American Journal of Economics and Finance, Elsevier, vol. 22(2), pages 131-148, August.
- Christopher Bowdler & Luca Nunziata, 2004. "Labour Markets Institutions and Inflation Performance: Evidence from OECD panel data," Money Macro and Finance (MMF) Research Group Conference 2004 29, Money Macro and Finance Research Group.
- Markus Knell, 2002.
"Wage Formation in Open Economies and the Role of Monetary and Wage-Setting Institutions,"
Working Papers
63, Oesterreichische Nationalbank (Austrian Central Bank).
- Knell, Markus, 2003. "Wage Formation in Open Economies and the Role of Monetary and Wage-Setting Institutions," Royal Economic Society Annual Conference 2003 124, Royal Economic Society.
- Hyunwoo Kim, 2023. "Monetary technocracy and democratic accountability: how central bank independence conditions economic voting," Review of International Political Economy, Taylor & Francis Journals, vol. 30(3), pages 939-964, May.
More about this item
Keywords
Employers; European Monetary Union; institutional change; sectoral interests; trade unions;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:eeupol:v:13:y:2012:i:3:p:345-366. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.