Increased Wage or Productivity Differentials in a Monetary Union

Polly Reynolds Allen

Chapter 9 in European Monetary Union, 1982, pp 195-215 from Palgrave Macmillan

Abstract: Abstract The economic costs of belonging to a monetary union are closely correlated with the size and the frequency of disturbances that affect the member countries differently. Such disturbances are described as ‘asymmetric disturbances’.

Keywords: Exchange Rate; Monetary Policy; Current Account; Member Country; Wage Differential (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16781-4_13

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DOI: 10.1007/978-1-349-16781-4_13

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