National Wage Determination and European Monetary Union

Colin Crouch

in After the Euro

Published in print March 2000 | ISBN: 9780198296393
Published online November 2003 | e-ISBN: 9780191599002 | DOI:
 National Wage Determination and European Monetary Union

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As nation states lose a number of monetary and fiscal policy powers through the introduction of European monetary union, national industrial relations systems may acquire a new importance. Within those countries where neo‐corporatist collective bargaining survives, it becomes a means whereby wages can adapt to different levels of productivity and competitiveness when devaluation and variable interest rates are no longer an option.

Keywords: collective bargaining; competitiveness; European monetary union; fiscal policy; industrial relations; monetary policy; nation‐state; neo‐corporatism; productivity; wages

Chapter.  10720 words. 

Subjects: European Union

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