Part I. Introduction and Main Assumptions: 1. Introduction
2. The wage formation process
3. The literature
Part II. The Impact of Monetary Policy and Inflation: 4. Imperfect integration of securities markets
5. Monopolistic competition in bank markets
6. Utility from securities holdings
7. Hysteresis effects from monetary policy
8. The impact of inflation on bank earnings
Part III. The Impact of Monetary Regimes: 9. Centralised wage formation
10. Fiscal policy
11. Price stability goal
12. Uncertainty concerning policy formation
13. Policy uncertainty in a fixed-but-adjustable exchange rate regime
14. The impact of uncertainty on wage-setting
Part IV. Policy Implications: 15. Policy implications of monetary non-neutrality
16. A microeconomic foundation.
