Andersen, Torben M. (contributor); … - 2008
. -- wage formation ; nominal wage rigidity ; staggered contracts ; monetary policy ; monetary union ; business cycles ; shocks …. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and … in nominal rigidities but hump-shaped. Moreover, a disproportionate share of the consequences of wage inflexibility may …