Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
of German wage policy and ECB monetary policy would help to realize the beneficial effects of wage moderation somewhat … ECB would not take account of what is happening, for example, to wage developments. According to the monetary policy … conditions in the euro area, we analyze what could be gained from a combination of wage policy and monetary policy. Using a small …