Titlebook: Wages and the Euro; Gustav A. Horn,Wolfgang Scheremet,Rudolf Zwiener Book 1999 Physica-Verlag Heidelberg 1999 Arbeitsmarkt.Euro.Labour.Lab

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1431-1933 olicy 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 inves

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The Role of Wage Policy after the Introduction of Monetary Union,loss of sovereignity over an independent monetary policy and an independent currency, differences in inflation rates in tradable goods between the individual countries are no longer possible. If regional competitiveness is not to be endangered, in a monetary fully integrated market nominal wage incr

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The Role of Wage Policy after the Introduction of Monetary Union,loss of sovereignity over an independent monetary policy and an independent currency, differences in inflation rates in tradable goods between the individual countries are no longer possible. If regional competitiveness is not to be endangered, in a monetary fully integrated market nominal wage incr

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Conclusions and Economic Policy Recommendations,een the individual member states of the European Monetary Union can be stimulated. The analysis of wage policy in Europe has shown, however, that the course leading up to monetary union has not yet been completed. Even though Europe’s convergence process has been impressive in the last few years, so

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