National Wage Determination and European Monetary Union

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Labor Movements and Unions Labor market dynamics and wage inequality Legal and Labor Studies

Abstract

Abstract As nation states lose a number of monetary and fiscal policy powers through the introduction of European monetary union, national industrial relations systems may acquire a new importance. Within those countries where neo‐corporatist collective bargaining survives, it becomes a means whereby wages can adapt to different levels of productivity and competitiveness when devaluation and variable interest rates are no longer an option.

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References

1985Economic Action and Social Structure: The Problem of Embeddedness 1956A Pure Theory of Local Expenditures 1961A Theory of Optimum Currency Areas 1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1988Bargaining Structure, Corporatism and Macroeconomic Performance 1991Political and Monetary Institutions and Public Financial Policies in the Industrial Countries 1997Contemporary Capitalism 1997From the Positive to the Regulatory State: Causes and Consequences of Changes in the Mode of Governance

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2006Wage Setting, Social Pacts and the Euro : A New Role for the State 2003European Monetary Union: nominal convergence, real divergence and slow growth?2012Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target 2000Trade Union Bargaining Horizons in Comparative Perspective: The Effects of Encompassing Organization, Unemployment and the Monetary Regime on Wage-Pushfulness 2006Wage Setting, Social Pacts and the Euro

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