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    • Monetary Regime and the Co-Ordination of Wage Setting 

      Holden, Steinar (Working Papers;1/2000, Working paper, 2000)
      International comparisons show that countries with co-ordinated wage setting generally have lower unemployment than countries with less co-ordinated wage setting. This paper argues that the monetary regime may affect whether ...

    • The Costs of Price Stability – Downward Nominal Wage Rigidity in Europe 

      Holden, Steinar (Working Papers;8/2002, Working paper, 2002)
      In most European countries, the prevailing terms of employment, including the nominal wage, can only be changed by mutual consent. If inflation is so low that nominal wages have to be cut, the workers have strategic advantage ...