Labor Markets and Monetary Union: a Strategic Analysis

Alex Cukierman and Francesco Lippi

Working Papers from Banca Italia - Servizio di Studi

Abstract: 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.

Keywords: LABOUR MARKET; MONETARY UNION; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: F33 J20 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2000
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Citations: View citations in EconPapers (15)

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Related works:
Journal Article: Labour Markets and Monetary Union: A Strategic Analysis (2001)
Working Paper: Labor Markets and Monetary Union; a Strategic Analysis (2000)
Working Paper: Labour Markets and Monetary Union: A Strategic Analysis (1999)
Working Paper: Labor markets and Monetary Union: A Strategic Analysis (1999)
Working Paper: Labor markets and Monetary Union: A Strategic Analysis (1999)
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