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Simultaneous Decisions: Cold-Turkey Policies

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Macroeconomics of Monetary Union
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Abstract

This chapter deals with competition between the European central bank, the German labour union, and the French labour union. So far we have assumed that the central bank and the labour unions decide sequentially. First the central bank decides, then the labour unions decide. Now we assume that the central bank and the labour unions decide simultaneously and independently.

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© 2007 Springer-Verlag Berlin Heidelberg

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(2007). Simultaneous Decisions: Cold-Turkey Policies. In: Macroeconomics of Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-73633-2_19

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