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This book examines the interactions between monetary and wage policies in the euro area, focusing on policy competition and cooperation. It analyzes the dynamics between the European Central Bank, the American Central Bank, and labor unions in Germany and France. The study addresses higher-dimensional issues, targeting price stability and full employment, with policymakers employing either co-turkey or gradualist strategies. Decisions are made sequentially or simultaneously, highlighting the spillover effects of monetary and wage policies. A distinctive feature of this work includes numerical simulations for policy competition and solutions for policy cooperation. This research is part of a broader project on European Monetary Union, with references provided at the end. Portions of the research have been presented at various esteemed conferences, including the World Congress of the International Economic Association and the International Conference on Macroeconomic Analysis, among others. These presentations reflect the ongoing discourse in macroeconomic analysis and the implications of policy interactions within the euro area.
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Monetary and wage policies in the Euro area, Michael Carlberg
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- Année de publication
- 2006
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