Andersen, Torben M. (contributor); … - 2008
. -- wage formation ; nominal wage rigidity ; staggered contracts ; monetary policy ; monetary union ; business cycles ; shocks …�cation: E30, E52, F41
Key words: wage formation, nominal wage rigidity, staggered con-
tracts, monetary policy, monetary union …, participation in a currency union and the implied loss of auton-
omy in monetary policy require that labour markets are �exible in …