Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 2003
conditions in the euro area, we analyze what could be gained from a combination of wage policy and monetary policy. Using a small … Netherlands and in Ireland, a consensual strategy of wage restraint for improving the competitiveness of the economy and … theoretical macroeconomic model, we show that coordination between wage policy and monetary policy can be beneficial under certain …