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 … a homogeneous area is in most
cases misleading, and for the European Monetary Union (EMU) in particu-
lar this …