Labour Markets and Monetary Union
A Strategic Analysis
Bibliographic Data
| ID | 9712290 |
|---|---|
| Authors | Alex Cukierman (0000-0002-8645-4614, Tel Aviv University, Tilburg University and CEPR), Francesco Lippi (0000-0001-7721-7257, Banca d'Italia and CEPR) |
| Year | 2001 |
| Volume | 111 |
| Issue | 473 |
| Pages | 541-565 |
| Publication date | 2001-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00650 |
| OpenAlex | W2160301074 |
| Language | EN |
| Citations received | 8 |
| References cited | 2 |
This paper shows that the effects of a monetary union depend on several labour market features. In particular, the switch from national monetary policies to a common monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of unions' and policymakers' preferences remain the same. The benchmark case of a monetary union between identical countries suggests that the switch to a monetary union is likely to make labour unions more aggressive, increasing unemployment. Qualifications to this result are provided under alternative institutional scenarios, like cross‐country asymmetries, (pre‐union) ERM membership and wage leadership
Economics · Inflation (cosmology · International economics · Labour economics · Macroeconomics · Monetary economics · Monetary hegemony · Monetary policy · Unemployment · Wage · Economic Policies and Impacts · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
The Revenge of Baumol’s Cost Disease?
Scotland and European Monetary Union
The issue of instability in a simple policy game between the central bank and a representative union
The effect of monetary unification on public debt and its real return
Wage‐setting under Different Monetary Regimes
The National–Transnational Wage‐Setting Nexus in Europe
Wage inflation and labour unions in EMU
What Have we Learnt about Monetary Integration since the Maastricht Treaty
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,35 |
| Citation span | 2003 - 2013 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 8 |