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Unions, wage setting and monetary policy uncertainty
Grüner, Hans Peter (contributor); Hayo, Bernd (contributor) - 2005
Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...
Persistent link: https://www.econbiz.de/10003014303
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Inter-industry wage differentials in EU countries
Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010
This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...
Persistent link: https://www.econbiz.de/10009640359
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Wage setting under different monetary regimes
Holden, Steinar - 2002
In an economy with large wage setters (like industry unions), the monetary regime affects the trade-off between …
Persistent link: https://www.econbiz.de/10011408717
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The trinity of wage setting in EMU : a policy proposal
Gächter, Martin; Ramskogler, Paul; Riedl, Aleksandra - In: Journal of policy modeling : JPMOD ; a social science … 40 (2018) 2, pp. 284-304
Persistent link: https://www.econbiz.de/10011965970
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National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
, trade unions set wages with national prices in mind, deviating from Cukierman and Lippi (2001) who postulate that wages are … country size, the preference for price stability, aggregate demand slopes, labour substitutability across unions, the number …
Persistent link: https://www.econbiz.de/10011605104
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National prices and wage setting in a currency union
Sánchez, Marcelo - 2009
, trade unions set wages with national prices in mind, deviating from Cukierman and Lippi (2001) who postulate that wages are … country size, the preference for price stability, aggregate demand slopes, labour substitutability across unions, the number … Unions ; Monetary Union ; Strategic Monetary Policy ; Unemployment ; Wage Moderation …
Persistent link: https://www.econbiz.de/10003866562
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The Welfare Effect of Foreign Monetary Conservatism with Non-Atomistic Wage Setters
Cuciniello, Vincenzo - 2011
This paper sheds light on the real effects of foreign central bank's degree of inflation aversion in presence of non-atomistic wage setters. It extends the Lippi's (2003) framework to an open economy and identifies the key strategic mechanisms between monetary policy and wage-setting decisions...
Persistent link: https://www.econbiz.de/10013134304
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International Monetary Policy Cooperation Revisited : Conservatism and Non-Atomistic Wage Setting
Cuciniello, Vincenzo - 2011
This paper presents a simple model of policy coordination in line with the New Open Economy Macroeconomics literature. I extent the analysis on non-cooperative toward cooperative solutions by incorporating a collective wage bargaining system and conservative central banks. It turns out that...
Persistent link: https://www.econbiz.de/10013134307
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The Welfare Effect of Foreign Monetary Conservatism with Non-Atomistic Wage Setters
Cuciniello, Vincenzo - 2011
This paper extends the closed economy analysis of strategic interaction between labor unions and the monetary authority …
Persistent link: https://www.econbiz.de/10013118390
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Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2000
The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10010291983