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Increased Wage or Productivity Differentials in a Monetary Union

  • Polly Reynolds Allen

Abstract

The economic costs of belonging to a monetary union are closely correlated with the size and the frequency of disturbances that affect the member countries differently. Such disturbances are described as ‘asymmetric disturbances’.

Keywords

Exchange Rate Monetary Policy Current Account Member Country Wage Differential 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Allen, P. R. (1980), ‘Controlling National Incomes in a Monetary Union’ (mimeo).Google Scholar
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Copyright information

© M. T. Sumner and G. Zis 1982

Authors and Affiliations

  • Polly Reynolds Allen

There are no affiliations available

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