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WAGE-SETTING AND INFLATION TARGETS IN EMU

Although the operation of national coordinated wage-bargaining systems in EMU has produced low inflation rates, EMU-wide inflation has been above the ECB target rate for the last 3 years. By contrast, under the ERM, inflation rates declined steadily after 1992 to below 2 per cent in both the last... Full description

1st Person: HANCKÉ, BOB
Additional Persons: SOSKICE, DAVID verfasserin
Source: in Oxford review of economic policy Vol. 19, No. 1 (2003), p. 149-160
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Type of Publication: Article
Language: English
Published: 2003
Keywords: research-article
Online: Volltext
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