search query: @author Tavlas, G. / total: 3
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| Author: | Dellas, H. Tavlas, G. |
| Title: | Wage rigidity and monetary union |
| Journal: | Economic Journal
2005 : OCT, VOL. 115:506, p. 907-927 |
| Index terms: | emu france germany monetary policy united kingdom |
| Language: | eng |
| Abstract: | This article discusses flexible exchange rates in an assymmetric, three-country model with active monetary policy and its comparison to the monetary union. The authors examine France, Germany and the UK and find that the welfare on other types of assymmetries and higher wage flexibility in the UK would make its participation in the EMU costly |
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