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A bargaining theory of inflation
Holden, Steinar - 1990
Persistent link: https://www.econbiz.de/10000837670
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A bargaining theory of inflation
Holden, Steinar - 1988
Persistent link: https://www.econbiz.de/10000785892
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Fairness and inflation persistence
Driscoll, John C.; Holden, Steinar - In: Journal of the European Economic Association 2 (2004) 2/3, pp. 240-251
Persistent link: https://www.econbiz.de/10002094584
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Business cycles and fiscal policy in an open economy
Andersen, Torben M.; Holden, Steinar - 1998
Persistent link: https://www.econbiz.de/10000979734
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Business cycles and fiscal policy in an open economy
Andersen, Torben M.; Holden, Steinar - 1998
Do business cycle fluctuations leave a role and a welfare case for an active stabilization policy by means of fiscal policy instruments? We address this issue in a two-sector open economy model with price-taking firms and imperfect competition in the labour market. Fiscal policies are shown to...
Persistent link: https://www.econbiz.de/10011518886
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Stabilization policy in an open economy
Andersen, Torben M.; Holden, Steinar - In: Journal of macroeconomics 24 (2002) 3, pp. 293-312
Persistent link: https://www.econbiz.de/10001704686
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Stabilization Policy in an Open Economy
Andersen, Torben M.; Holden, Steinar - 2010
The scope for an active demand management policy is considered for a small open economy. Business cycle fluctuations generated either by supply or demand shocks are shown to imply welfare losses when agents are risk averse and the capital market imcomplete. Public demand for non-tradeables has...
Persistent link: https://www.econbiz.de/10014115616
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Wage formation under low inflation
Holden, Steinar - 2004
This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have … happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …
Persistent link: https://www.econbiz.de/10010274274
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Monetary policy and nominal rigidities under low inflation
Holden, Steinar - 2001
have a stronger bargaining position when they try to prevent a cut in nominal wages. If inflation is so low that some … a long run trade off between inflation and unemployment for low levels of inflation. The prediction that low inflation …
Persistent link: https://www.econbiz.de/10010284410
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Wage formation under low inflation
Holden, Steinar - 2004
This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have … happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …
Persistent link: https://www.econbiz.de/10011450344