Wages and the Euro:
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 achiev...
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| Hauptverfasser: | , , |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Heidelberg
Physica-Verlag HD
1999
|
| Ausgabe: | 1st ed. 1999 |
| Schriftenreihe: | Contributions to Economics
|
| Schlagworte: | |
| Online-Zugang: | DE-634 URL des Erstveröffentlichers |
| Zusammenfassung: | 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. Theoretical considerations as well as simulations on an econometric multi country model lead to the conclusion that to enhance growth and employment a productivity oriented wage strategy is advisable, a strategy already followed in particular in Austria, the Netherlands and Germany. In this case distorting changes of competitiveness not based on innovative successes are avoided and at the same time domestic European demand is stabilised |
| Beschreibung: | 1 Online-Ressource (XII, 143 p) |
| ISBN: | 9783642470370 |
| DOI: | 10.1007/978-3-642-47037-0 |
Internformat
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| 520 | |a 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. Theoretical considerations as well as simulations on an econometric multi country model lead to the conclusion that to enhance growth and employment a productivity oriented wage strategy is advisable, a strategy already followed in particular in Austria, the Netherlands and Germany. In this case distorting changes of competitiveness not based on innovative successes are avoided and at the same time domestic European demand is stabilised | ||
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Datensatz im Suchindex
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| adam_text | |
| adam_txt | |
| any_adam_object | |
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| author | Horn, Gustav A. Scheremet, Wolfgang Zwiener, Rudolf |
| author_facet | Horn, Gustav A. Scheremet, Wolfgang Zwiener, Rudolf |
| author_role | aut aut aut |
| author_sort | Horn, Gustav A. |
| author_variant | g a h ga gah w s ws r z rz |
| building | Verbundindex |
| bvnumber | BV046874143 |
| classification_rvk | QV 300 QV 350 |
| collection | ZDB-2-SBE ZDB-2-BAE |
| ctrlnum | (ZDB-2-SBE)978-3-642-47037-0 (OCoLC)863921046 (DE-599)BVBBV046874143 |
| dewey-full | 339 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | 339 |
| dewey-search | 339 |
| dewey-sort | 3339 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1007/978-3-642-47037-0 |
| edition | 1st ed. 1999 |
| format | Electronic eBook |
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| id | DE-604.BV046874143 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T15:15:40Z |
| indexdate | 2025-01-02T13:14:48Z |
| institution | BVB |
| isbn | 9783642470370 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032284275 |
| oclc_num | 863921046 |
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| owner | DE-634 |
| owner_facet | DE-634 |
| physical | 1 Online-Ressource (XII, 143 p) |
| psigel | ZDB-2-SBE ZDB-2-BAE ZDB-2-SBE_Archiv ZDB-2-SBE ZDB-2-SBE_Archiv |
| publishDate | 1999 |
| publishDateSearch | 1999 |
| publishDateSort | 1999 |
| publisher | Physica-Verlag HD |
| record_format | marc |
| series2 | Contributions to Economics |
| spelling | Horn, Gustav A. Verfasser aut Wages and the Euro by Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener 1st ed. 1999 Heidelberg Physica-Verlag HD 1999 1 Online-Ressource (XII, 143 p) txt rdacontent c rdamedia cr rdacarrier Contributions to Economics 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. Theoretical considerations as well as simulations on an econometric multi country model lead to the conclusion that to enhance growth and employment a productivity oriented wage strategy is advisable, a strategy already followed in particular in Austria, the Netherlands and Germany. In this case distorting changes of competitiveness not based on innovative successes are avoided and at the same time domestic European demand is stabilised Europäische Union (DE-588)5098525-5 gnd rswk-swf Macroeconomics/Monetary Economics//Financial Economics Labor Economics Macroeconomics Labor economics Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Euro Währung (DE-588)4408931-4 gnd rswk-swf Währungsunion (DE-588)4188829-7 gnd rswk-swf Lohnpolitik (DE-588)4036241-3 gnd rswk-swf Europäische Union (DE-588)5098525-5 b Währungsunion (DE-588)4188829-7 s Arbeitsmarkt (DE-588)4002733-8 s Lohnpolitik (DE-588)4036241-3 s DE-604 Euro Währung (DE-588)4408931-4 s Scheremet, Wolfgang aut Zwiener, Rudolf aut Erscheint auch als Druck-Ausgabe 9783790811995 Erscheint auch als Druck-Ausgabe 9783642470387 https://doi.org/10.1007/978-3-642-47037-0 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Horn, Gustav A. Scheremet, Wolfgang Zwiener, Rudolf Wages and the Euro Europäische Union (DE-588)5098525-5 gnd Macroeconomics/Monetary Economics//Financial Economics Labor Economics Macroeconomics Labor economics Arbeitsmarkt (DE-588)4002733-8 gnd Euro Währung (DE-588)4408931-4 gnd Währungsunion (DE-588)4188829-7 gnd Lohnpolitik (DE-588)4036241-3 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4002733-8 (DE-588)4408931-4 (DE-588)4188829-7 (DE-588)4036241-3 |
| title | Wages and the Euro |
| title_auth | Wages and the Euro |
| title_exact_search | Wages and the Euro |
| title_exact_search_txtP | Wages and the Euro |
| title_full | Wages and the Euro by Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener |
| title_fullStr | Wages and the Euro by Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener |
| title_full_unstemmed | Wages and the Euro by Gustav A. Horn, Wolfgang Scheremet, Rudolf Zwiener |
| title_short | Wages and the Euro |
| title_sort | wages and the euro |
| topic | Europäische Union (DE-588)5098525-5 gnd Macroeconomics/Monetary Economics//Financial Economics Labor Economics Macroeconomics Labor economics Arbeitsmarkt (DE-588)4002733-8 gnd Euro Währung (DE-588)4408931-4 gnd Währungsunion (DE-588)4188829-7 gnd Lohnpolitik (DE-588)4036241-3 gnd |
| topic_facet | Europäische Union Macroeconomics/Monetary Economics//Financial Economics Labor Economics Macroeconomics Labor economics Arbeitsmarkt Euro Währung Währungsunion Lohnpolitik |
| url | https://doi.org/10.1007/978-3-642-47037-0 |
| work_keys_str_mv | AT horngustava wagesandtheeuro AT scheremetwolfgang wagesandtheeuro AT zwienerrudolf wagesandtheeuro |