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The Constituency Effect

Gilles Saint‐Paul

in The Political Economy of Labour Market Institutions

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293323
eISBN:
9780191596841
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293321.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter discusses the constituency effect. By this, it is meant that when a labour market institution is in place, it creates its own political support. This in turn generates status‐quo bias ... More


The Euro and Structural Reforms

Alberto Alesina, Silvia Ardagna, and Vincenzo Galasso

in Europe and the Euro

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226012834
eISBN:
9780226012858
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226012858.003.0003
Subject:
Economics and Finance, International

One of the arguments in favor of the introduction of the common currency area in Europe was that it would pressure member countries to improve their macroeconomic policy and pursue “structural ... More


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