| dc.contributor.author | Hibbs, Jr., Douglas A. | swe |
| dc.contributor.author | Di Bartolomeo, Giovanni | swe |
| dc.contributor.author | Acocella, Nicola | swe |
| dc.date.accessioned | 2006-05-15 | swe |
| dc.date.accessioned | 2007-02-09T11:15:12Z | |
| dc.date.available | 2007-02-09T11:15:12Z | |
| dc.date.issued | 2006 | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2755 | |
| dc.description.abstract | In this paper we use a standard multi-union, monopolistic competition model to evaluate
analytically and numerically the effects of monetary policy on inflation and unemployment under different institutional arrangements in the labor market that are defined by the rigidity of nominal wages. We show that the effects of monetary policy on the real economy depend critically on the wage formation regime, and on the ways in which the restrictiveness of policy interacts with product price competition, wage setting centralization and the utility weight unions place on real wage premiums as compared to unemployment. Our interpretation of the results emphasizes how the posture of monetary policy toward inflation influences the strategic calculations driving unions’ wage setting behavior in different institutional environments. | swe |
| dc.format.extent | 30 pages | swe |
| dc.format.extent | 358106 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 145 | swe |
| dc.subject | Policy games; monetary policy neutrality; trade unions; monopolistic competition; labor markets | swe |
| dc.title | Labor market regimes and the effects of monetary policy | swe |
| dc.type.svep | Report | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.gup.epcid | 3841 | swe |
| dc.subject.svep | Economics | swe |
