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Persistent link: https://www.econbiz.de/10000870186

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Optimal inflation targeting under alternative fiscal regimes

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Unions power, collective bargaining and optimal monetary policy

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We study the design of optimal monetary policy (Ramsey policies) in a model with sticky prices and unionized labour markets. Collective wage bargaining and unions monopoly power tend to dampen wage fluctuations and to amplify employment fluctuations relatively to a DNK model with walrasian...

Persistent link: https://www.econbiz.de/10003811855

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