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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
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typically predicts more aggressive wage setting under monetary union. This insight has not been confirmed by the EMU experience, which has been characterised by wage moderation, thereby eliciting criticism from Posen...
Persistent link: https://www.econbiz.de/10011605104
OPTIMThe 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/10011397779
This article discusses the current characteristics of trade unionism in Italy. First, however, attention is paid to the initial imprinting of the model, which stemmed from the circumstances in which the trade unions were reconstituted at the end of WWII, and whose far-reaching consequences are...
Persistent link: https://www.econbiz.de/10009758218
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/10001598880
One of the best keep secrets in New York law is that most labor unions are immune from legal liability simply because they are organized as an unincorporated association. In jurisdictions such as New York, which follow common law, unions have this immunity because plaintiffs cannot met the...
Persistent link: https://www.econbiz.de/10012779737
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/10013321141
Subcontracting — the practice of using intermediaries to contract workers, whether through temp agencies, manpower agencies, franchise, or other multilayered contracting — is an increasingly popular pattern of employment worldwide. Whether justified from a business perspective or not,...
Persistent link: https://www.econbiz.de/10012916512
Recent fights for a $15-an-hour minimum wage at Walmart and in the fast-food industry have interested academics, captivated the press, and energized the public. For good reason. The campaigns upend conventional wisdom about what unions do (help workers win collective bargaining rights) and why...
Persistent link: https://www.econbiz.de/10014137258
In recent years, Europe has witnessed an accelerated process of economic integration. Trade barriers were removed, the euro was introduced and ten new member states have joined the European Union. This paper analyzes how this process of increased economic integration has affected labor and...
Persistent link: https://www.econbiz.de/10010313455