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Wages and the Euro

  • Book
  • © 1999

Overview

Authors:
  1. Gustav A. Horn

    1. DIW German Institute for Economic Research, Berlin, Germany

  2. Wolfgang Scheremet

    1. DIW German Institute for Economic Research, Berlin, Germany

  3. Rudolf Zwiener

    1. DIW German Institute for Economic Research, Berlin, Germany

Part of the book series: Contributions to Economics (CE)

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  • 4 Citations

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About this book

With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To achieve a convergence of economic developments wage finding has to follow in all EMU member countries basically the same rules. An empirical investigation using econometric methods show that this is presently not yet the case. In particular in the southern European countries wage finding is different from that in the rest of the EMU. Frequently the introduction of Euro is perceived as a signal to lower wages all over Europe to overcome the dismal employment situation. The book addresses the question whether such a race for lower wages is appropriate in terms of employment creation.

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Table of contents (5 chapters)

  1. Front Matter

    Pages I-XII
    Download chapter PDF

  2. Economic Policy in Wake of Monetary Union

    • Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
    Pages 1-3

  3. An Economic Policy Framework for European Monetary Union

    • Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
    Pages 5-21

  4. The Role of Wage Policy after the Introduction of Monetary Union

    • Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
    Pages 23-80

  5. Simulations on the Future Development of the European Labour Market

    • Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
    Pages 81-128

  6. Conclusions and Economic Policy Recommendations

    • Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener
    Pages 129-134

  7. Back Matter

    Pages 135-144
    Download chapter PDF
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Authors and Affiliations

  • DIW German Institute for Economic Research, Berlin, Germany

    Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener

Accessibility Information

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Bibliographic Information

  • Book Title: Wages and the Euro

  • Authors: Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-642-47037-0

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Physica-Verlag Heidelberg 1999

  • Softcover ISBN: 978-3-7908-1199-5Published: 15 April 1999

  • eBook ISBN: 978-3-642-47037-0Published: 06 December 2012

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XII, 143

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, Labor Economics

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