bargaining, i.e. negotiating over wages together with employment. The analysis is conducted for the case of autarchy and for an … autarchy bargaining over wages and employment does not necessarily imply efficiency as total industry rents decrease. In the …

Starting from a Post-Keynesian model in which employment is determined by effective demand and the NAIRU is viewed as a … limit to employment, enforced by monetary policy reacting upon conflict inflation, the effects of central bank independence … and labour market institutions on macroeconomic performance are considered and the perspectives for employment and …