Andersen, Torben M. (contributor); … - 2008
. -- wage formation ; nominal wage rigidity ; staggered contracts ; monetary policy ; monetary union ; business cycles ; shocks … of the common monetary policy of the ECB reveal
that countries are a�ected by di�erent shocks and/or structures.
This …
endogenous since participation in a currency union a�ects market fundamentals
(via further integration), incentives in wage …