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Diversity without Unity: Labour Unions and Wage Setting in EMU

Bob Hancké

in Unions, Central Banks, and EMU: Labour Market Institutions and Monetary Integration in Europe

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199662098
eISBN:
9780191749193
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199662098.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter explores several dimensions of the adjustment of labour market institutions and wage-setting systems against the background of the introduction of the euro in 1999. It starts with the ... More


The Anatomy of Economic Policy Making in the 1970s: ‘The Railway Timetables’

Douglas Wass

in Decline to Fall: The Making of British Macro-economic Policy and the 1976 IMF Crisis

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199534746
eISBN:
9780191715884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534746.003.0001
Subject:
Economics and Finance, Economic History

This chapter goes through the process by which macro-economic policy in the UK was made in the post-War years, and in particular, in the 1970s. It looks at the methodology of aggregate demand ... More


National Central Banks and Inflation Convergence: Danish and Dutch Corporatism Inside and Outside of Monetary Union

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0004
Subject:
Political Science, Political Economy

This chapter examines the link between national level, inflation-averse central banks and European Economic and Monetary Union (EMU) regime change, on the one hand, and sheltered sector wage ... More


Monetary Regimes, Wage Bargaining, and the Current Account Crisis in the EMU South: Empirical Evidence

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0003
Subject:
Political Science, Political Economy

This chapter presents empirical evidence for the two institutional linkages: that the European Economic and Monetary Union (EMU) led to a bifurcation in sectoral wage developments within its member ... More


Sheltered Sector Dominance under a Common Currency: Irrational Exuberance in Ireland and Fragmentation in Spain

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0006
Subject:
Political Science, Political Economy

This chapter examines the political and institutional features of wage-setting regimes that favor sheltered sector interests in European Economic and Monetary Union (EMU) countries. Using a ... More


Strength in Rigidity: Public Sector Employment Reform and Wage Suppression in Germany, the Netherlands, and Italy

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0005
Subject:
Political Science, Political Economy

This chapter examines how public sector employers and the state in some European Economic and Monetary Union (EMU) countries undertook actions that upheld export-favoring national collective ... More


Dollarization of Liabilities, Net Worth Effects, and Optimal Monetary Policy

Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco (eds)

in Preventing Currency Crises in Emerging Markets

Published in print:
2002
Published Online:
February 2013
ISBN:
9780226184944
eISBN:
9780226185057
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226185057.003.0013
Subject:
Economics and Finance, International

This chapter explores the optimal exchange rate and monetary policies in emerging countries. It specifically evaluates whether domestic monetary authorities should actively defend their currencies ... More


Twilight and Evening Bell

John Kenneth Galbraith

in Economics in Perspective: A Critical History

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691171647
eISBN:
9781400889075
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171647.003.0020
Subject:
Economics and Finance, Economic History

This chapter examines the decline of Keynesian economics, mainly due to its grave political asymmetry: what was politically possible against deflation and depression was not politically possible or ... More


Peasant Poverty: A Tale of Two Cycles

S.A. Eddie

in Freedom's Price: Serfdom, Subjection, and Reform in Prussia, 1648-1848

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199662753
eISBN:
9780191757587
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199662753.003.0006
Subject:
History, Political History

Not all Prussian peasants were wealthy, of course. However, it was not manorial exploitation, but rather the size of the peasants’ plot that was decisive: personally free with little or no land made ... More


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