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Non-neutrality of monetary policy in policy games

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Acocella, Nicola
Di Bartolomeo, Giovanni

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Article provided by Elsevier in its journal European Journal of Political Economy.

Volume (Year): 20 (2004)
Issue (Month): 3 (September)
Pages: 695-707
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Handle: RePEc:eee:poleco:v:20:y:2004:i:3:p:695-707

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Rogoff, Kenneth, 1985. "The Optimal Degree of Commitment to an Intermediate Monetary Target," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1169-89, November. [Downloadable!] (restricted)
  2. Cukierman, Alex & Lippi, Francesco, 1999. "Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence," European Economic Review, Elsevier, vol. 43(7), pages 1395-1434, June. [Downloadable!] (restricted)
    Other versions:
  3. Jensen, Henrik, 1997. " Monetary Policy Cooperation May Not Be Counterproductive," Scandinavian Journal of Economics, Blackwell Publishing, vol. 99(1), pages 73-80, March. [Downloadable!] (restricted)
  4. Hersoug, Tor, 1985. " Workers versus Government-Who Adjusts to Whom?," Scandinavian Journal of Economics, Blackwell Publishing, vol. 87(2), pages 270-92.
  5. Cubitt, Robin P, 1997. " Stagflationary Bias and the Interaction of Monetary Policy and Wages in a Unionized Economy," Public Choice, Springer, vol. 93(1-2), pages 165-78, October. [Downloadable!] (restricted)
  6. Gylfason, Thorvaldur & Lindbeck, Assar, 1990. "Wages, money, and exchange rates with endogenous unions and governments," Journal of Policy Modeling, Elsevier, vol. 12(3), pages 469-493. [Downloadable!] (restricted)
  7. Nicola Acocella & Giovanni Di Bartolomeo, 2001. "Wage And Public Expenditure Setting In A Monetary Union," Working Papers 42, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
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  8. Barro, Robert J & Gordon, David B, 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 589-610, August. [Downloadable!] (restricted)
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  9. Lippi, F., 2000. "Strategic Monetary Policy with Non-Atomistic Wage-Setters," Papers 374, Banca Italia - Servizio di Studi.
    Other versions:
  10. Svensson, Lars E O, 1995. "Optimal Inflation Targets, 'Conservative' Central Banks, and Linear Inflation Contracts," CEPR Discussion Papers 1249, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  11. al-Nowaihi, Ali & Levine, Paul, 1994. "Can reputation resolve the monetary policy credibility problem?," Journal of Monetary Economics, Elsevier, vol. 33(2), pages 355-380, April. [Downloadable!] (restricted)
  12. Gylfason, Thorvaldur & Lindbeck, Assar, 1994. " The Interaction of Monetary Policy and Wages," Public Choice, Springer, vol. 79(1-2), pages 33-46, April.
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  13. Acocella, Nicola & Ciccarone, Giuseppe, 1997. " Trade Unions, Nonneutrality and Stagflation," Public Choice, Springer, vol. 91(2), pages 161-78, April. [Downloadable!] (restricted)
  14. Gruner, Hans Peter & Hefeker, Carsten, 1999. " How Will EMU Affect Inflation and Unemployment in Europe?," Scandinavian Journal of Economics, Blackwell Publishing, vol. 101(1), pages 33-47, March. [Downloadable!] (restricted)
  15. Soskice, David & Iversen, Torben, 1998. "Multiple Wage-Bargaining Systems in the Single European Currency Area," Oxford Review of Economic Policy, Oxford University Press, vol. 14(3), pages 110-24, Autumn.
  16. Fabrizio Coricelli & Alex Cukierman & Alberto Dalmazzo, 2006. "Monetary Institutions, Monopolistic Competition, Unionized Labor Markets and Economic Performance," Scandinavian Journal of Economics, Blackwell Publishing, vol. 108(1), pages 39-63, 03. [Downloadable!] (restricted)
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  17. Lawler, Phillip, 2000. "Union Wage Setting and Exchange Rate Policy," Economica, London School of Economics and Political Science, vol. 67(265), pages 91-100, February. [Downloadable!] (restricted)
  18. Lawler, Phillip, 2001. "Monetary Policy, Central Bank Objectives, and Social Welfare with Strategic Wage Setting," Oxford Economic Papers, Oxford University Press, vol. 53(1), pages 94-113, January.
  19. Guzzo, Vincenzo & Velasco, Andres, 1999. "The case for a populist Central Banker," European Economic Review, Elsevier, vol. 43(7), pages 1317-1344, June. [Downloadable!] (restricted)
  20. David Soskice & Torben Iversen, 2000. "The Nonneutrality Of Monetary Policy With Large Price Or Wage Setters," The Quarterly Journal of Economics, MIT Press, vol. 115(1), pages 265-284, February. [Downloadable!] (restricted)
  21. Cubitt, Robin P, 1995. " Corporatism, Monetary Policy and Macroeconomic Performance: A Simple Game Theoretic Analysis," Scandinavian Journal of Economics, Blackwell Publishing, vol. 97(2), pages 245-59, June.
  22. Cukierman, Alex & Lippi, Francesco, 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Evidence," CEPR Discussion Papers 1847, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  23. Cukierman, Alex & Lippi, Francesco, 2001. "Labour Markets and Monetary Union: A Strategic Analysis," Economic Journal, Royal Economic Society, vol. 111(473), pages 541-65, July. [Downloadable!] (restricted)
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Full references

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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. N. Acocella & G. Bartolomeo & Andrew Hallett, 2006. "Controllability in Policy Games: Policy Neutrality and the Theory of Economic Policy Revisited," Computational Economics, Springer, vol. 28(2), pages 91-112, September. [Downloadable!] (restricted)
  2. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Controllability and non-neutrality of economic policy: The Tinbergen’s approach in a strategic context," Macroeconomics 0504034, EconWPA. [Downloadable!]
  3. Nicola Acocella & Giovanni Di Bartolomeo & Douglas A. Jr. Hibbs, 2003. "Labor market regimes and monetary policy," Macroeconomics 0307012, EconWPA. [Downloadable!]
    Other versions:
  4. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Is corporatism feasible?," Macroeconomics 0504037, EconWPA. [Downloadable!]
    Other versions:
  5. Nicola Acocella & Giovanni Di Bartolomeo, 2003. "Is a conservative central banker a (perfect) substitute for wage coordination?," Macroeconomics 0307011, EconWPA. [Downloadable!]
    Other versions:
  6. Acocella Nicola & Di Bartolomeo Giovanni, 2007. "Towards a new theory of economic policy: Continuity and innovation," wp.comunite 0020, Department of Communication, University of Teramo. [Downloadable!]
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  7. Acocella, Nicola & Di Bartolomeo, Giovanni & Hibbs Jr., Douglas A., 2004. "Labor market regimes and the effects of monetary policy," Working Papers in Economics 145, Göteborg University, Department of Economics, revised 22 Apr 2005. [Downloadable!]
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  8. Acocella, Nicola & Di Bartolomeo, Giovanni & Pauwels, Wilfried, 2007. "Is there any scope for corporatism in stabilization policies?," MPRA Paper 3584, University Library of Munich, Germany. [Downloadable!]
  9. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Non-neutrality of economic policy: An application of the Tinbergen-Theil’s approach to a strategic context," Macroeconomics 0504035, EconWPA, revised 26 Apr 2005. [Downloadable!]
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  10. Giuseppe Ciccarone & Giovanni Di Bartolomeo & Enrico Marchetti, 2005. "Unions, fiscal policy and central bank transparency," Macroeconomics 0508004, EconWPA. [Downloadable!]
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  11. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Tinbergen And Theil Meet Nash: Controllability In Policy Games," Macroeconomics 0504036, EconWPA, revised 06 Sep 2005. [Downloadable!]
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  12. Cuciniello Vincenzo, 2007. "Optimal monetary policy in a monetary union with non-atomistic wage setters," wp.comunite 0014, Department of Communication, University of Teramo. [Downloadable!]
  13. Cuciniello, Vincenzo, 2007. "Strategic monetary policy in a monetary union with non-atomistic wage setters," MPRA Paper 3789, University Library of Munich, Germany, revised Jun 2007. [Downloadable!]
  14. Acocella Nicola & Di Bartolomeo Giovanni & Piacquadio Paolo Giovanni, 2009. "Conflict of interests, (implicit) coalitions and Nash policy games," wp.comunite 0054, Department of Communication, University of Teramo. [Downloadable!]
  15. Giuseppe Ciccarone & Giovanni Di Bartolomeo & Enrico Marchetti, 2005. "Supply-Side Fiscal Policy, Conservativeness, And Central Bank Transparency," Working Papers 77, Sapienza University of Rome, Department of Public Economics. [Downloadable!]
  16. Nicola Acocella & Giovanni Di Bartolomeo & Patrizio Tirelli, 2004. "The macroeconomics of social pacts," Labor and Demography 0410003, EconWPA. [Downloadable!]
    Other versions:
  17. Vincenzo Cuciniello, 2007. "Optimal monetary policy under a floating regime with non-atomistic wage setters," HEI Working Papers 12-2007, Economics Section, The Graduate Institute of International Studies. [Downloadable!]
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