Labor Markets and Monetary Union: a Strategic Analysis
This paper analyzes the macroeconomic consequences of the establishment of a monetary union in the presence of unionized labor markets. It is shown that the effects of the formation of a monetary union depend on several labor market festures, such as the degree of centralization of wage bargaining, labor unions' inflation aversion and the degree of substituability between the labor of different unions.
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- repec:dgr:kubcen:1998116 is not listed on IDEAS
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