Forecasts of agents who are actively involved in the setting of prices and wages are less readily available than those of professional analysts, but may be more relevant for understanding inflation dynamics. Here we compare inflation expectations anchoring between analysts, businesses and trade...

This paper provides a historical overview of the South African trade union movement, followed by a brief discussion of the labour market legislation and institutions formed since 1994. Thereafter, a detailed evaluation of the impact of trade unions, legislation, and institutions on labour market...

This is a study of horizontal and vertical solidarity within a national labour movement, based on a nationwide survey of members of affiliated unions of the Congress of South African Trade Unions. On the one hand, the survey reveals relatively high levels of vertical and horizontal solidarity,...

There is a growing body of literature on the role and impact of unions in the developing world, and on their ability to mobilize members against a background of neo-liberal reforms. The South African trade union movement represents a source of inspiration to organized labour worldwide, but has...

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...

Recent literature on the interactions between labor unions and monetary institutions features either a supply or a demand channel of monetary policy, but not both. This leads to two opposing views about the effects of central bank conservativeness. We evaluate the relative merits of those...

Existing literature on the strategic interaction between the central bank (CR) and unions assumes that firms face perfect competition on product markets and that inflation is chosen directly by the monetary authority. Although these simplifications have the virtue of making complex strategic...