, savings, and deficits. The comparative-statics analysis shows in particular that an increase of union power induces negative … discusses the role of union power for existence and stability. Due to endogenous budget deficits/surpluses, stationary states …. Fiscal policy parameters and union power exhibit structural tradeoffs for the existence of balanced paths and their stability. …

' union representing finite numbers of identical members in a monetary macroeconomic model of the AS-AD type with a government … competitive fashion.Unique temporary equilibria exist for each level of union power. They exhibit underemployment or … overemployment, depending on union power.The chapter presents a complete comparative-statics analysis of the role of union power on …