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We study Ramsey policies and optimal monetary policy rules in a model with sticky prices and unionized labour markets. Collective wage bargaining and unions monopoly power dampen wage fluctuations and amplify employment fluctuations relatively to a DNK model. The optimal monetary policy must...
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societal income inequality, poverty, polarization and societal segmentation are examined. What emerges for the Eurozone as an … behaviour. However, in the face of increasing overall Eurozone inequality, constituent nations were becoming increasingly …
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