Scientific article 1. JAN 1988
Exchange Rate Variability and Wage Formation in Open Economies
Authors:
- Torben M. Andersen
- Jan Rose Skaksen
Exchange rate variability is shown to influence wage formation in open economies with strong unions. Increased exchange rate variability may thus increase real- and product wages and lower employment. Hence, a stable and predictable exchange rate policy may have some gain.
Authors
- Torben M. AndersenJan Rose Skaksen
About this publication
Published in
Economics Letters
