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In a path-breaking but largely overlooked study, published in a festchrift thirty years ago (1975), Herman Van der Wee provided a comparison of prices and real wages of building craftsmen in the regions of Antwerp and south-eastern England, from 1400 to 1700. To do so, he constructed a composite...
Persistent link: https://www.econbiz.de/10005704755
behaviour of trade unions? To approach these questions theoretical as well as empirical methods were used. The empirical methods …
Persistent link: https://www.econbiz.de/10011148812
In this paper, we use panel data from 1971 to 1985 to test the hypothesis that differences in monetary and wage institutions can explain a significant fraction of the variations in the macroeconomic performance of 10 OECD countries following the OPEC shocks of 1973-74 and 1979-80. After...
Persistent link: https://www.econbiz.de/10005587607
The electoral instability falls into the continuous shifts in paradigms, systems, values and economic performance which countries around the world still experience. We believe it is common sense that the election process in a democratic country has an important impact (even a manipulation...
Persistent link: https://www.econbiz.de/10010940736
This paper investigates to what extent a New Keynesian, monetary model with the addition of a microfounded, non-Walrasian labor market based on union bargaining is able to replicate key aspects of the European business cycle. The presence of a representative union permits to explain two features...
Persistent link: https://www.econbiz.de/10005074058
We follow a Beveridge-Nelson like time series decomposition method (into trend, business cycle and irregular components), and examine a stylized model of price inflation determination using the Czech data. We characterize the estimated components of CPI, IPPI and import inflations, together with...
Persistent link: https://www.econbiz.de/10005094101
We investigate the sources of macroeconomic (output and inflation) variability in selected European countries within and outside the European Monetary Union: Germany, Italy, Austria, the UK and Poland. Using quarterly data from 1985:1 to 2005:4, we estimate a Global Vector Autoregressive (GVAR)...
Persistent link: https://www.econbiz.de/10011185978
difficult to implement corporatism, although it generally increases social welfare, since it often reduces the union’s utility …
Persistent link: https://www.econbiz.de/10005076716
This article focuses on the role of unionized members in parliament. Unions have not been successful in increasing … members in the Bundestag cannot be seen as the parliamentary arm of the trade unions. However, we present contradicting … and increases inflation while unemployment remains unaffected. Thus, at least German trade unions do not seem to be as …
Persistent link: https://www.econbiz.de/10009211114
By considering a standard game between the Government and a centralised trade union, we investigate the robustness of the claim that corporatism has a positive effect on macroeconomic performance. We test this claim with respect to different kinds of non-co-operative equilibria, model...
Persistent link: https://www.econbiz.de/10009649944