Since Monetary Policy is made and decided at European level, therefore as a constant for all the members states, economic balances are more and more and more influenced by the Wage Policy, that acts as variable. In this context, the Wage Policy assumes a new role that affect his nature. Our hypothesis is that the contradiction between the main Wage Policy objectives -to be an economic performance instrument and a social integration one too- could be more intense. Analysing the way in which the social partners deal with demand for economic performance and social integration, contributes to understanding the mechanisms that determine the trade-off between economic and social objectives. In dealing with this issue, this research will concentrate in three inter-related objectives. First, refers to how the relevant social partners respond to the challenge resulting from European Monetary Policy (EMU); second is to study what are the societal preconditions for the existing national practices and institutions that could contribute to a best-performing bargaining; and finally, given the serious risks of social dumping and inflationary processes of the domestic Wage Policies, we will analyse in which extent the European policy makers could be interested in an European Wage Policy (EWP)
|Effective start/end date||28/12/01 → 27/12/04|
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