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Institutional Conflicts and Complementarities : Monetary Policy and Wage Bargaining Institutions in Emu - Martin Schurz

Institutional Conflicts and Complementarities

Monetary Policy and Wage Bargaining Institutions in Emu

By: Martin Schurz (Editor), Peter Mooslechner (Editor, Editor)

Hardcover Published: 31st December 2003
ISBN: 9781402075360
Number Of Pages: 278

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This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations. The contributions to Institutional Conflicts and Complementarities identify linkages between wage bargaining institutions and central banks with a particular focus on EMU. We consider complementarities between institutions located in different areas of the political economy and ask: Can labour-market actors and independent central banks interact in mutually reinforcing ways? The analyses in Institutional Conflicts and Complementarities study critically the neutrality assumption under the conditions of institutional interactions in EMU.

Editorialp. 1
Strategic Interactions of the ECB, Wage Bargainers, and Governmentsp. 5
Varieties of Capitalism and Institutional Complementaritiesp. 43
Wage and Wage-Bargaining Institutions in EMU: A Survey of the Issuesp. 77
Multiple Wage Bargaining Systems in the Single European Currency Areap. 107
Strategic Wage Setting in a Monetary Unionp. 131
Interest Groups, Enlargement of the EMU and Labor Market Reformp. 147
Does Price Stability Exacerbate Labor Market Rigidities in EMUp. 165
Communication, Coordination and Common Knowledge in Monetary Policy: Implications for the Euro Areap. 183
The European Central Bank: Implications of the Appointment Process for Monetary Policyp. 205
Who's is Afraid of the Big Bad Central Bank? Union-Firm-Central Bank Interactions and Inflation in a Monetary Unionp. 231
Institutional Complementarities and Conflicts between Wage Bargaining Institutions and an Independent Central Bankp. 255
Indexp. 271
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781402075360
ISBN-10: 1402075367
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 278
Published: 31st December 2003
Publisher: Springer-Verlag New York Inc.
Country of Publication: NL
Dimensions (cm): 25.1 x 15.9  x 1.14
Weight (kg): 0.6

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