Monetary union enlargement, scal policy and strategic wage setting
نویسندگان
چکیده
This contribution develops a framework for studying the e ects of the enlargement of a monetary union on macroeconomic performances in the presence of strategic interactions between non atomistic labour unions, monetary and scal authorities. We show that the extension of the monetary union to new identical member countries may have bene cial e ects, depending on the scal policymaking parameters. Quali cations to this result are provided under cross-country asymmetries in the labour market structures as well as in the scal authorities' preferences.
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