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Wages and the Euro

By Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
Paperback
$109.99
By Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
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With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To achieve a convergence of economic developments wage finding has to follow in all EMU member countries basically the same rules. An empirical investigation using econometric methods show that this is pr...

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