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Labor Markets and Monetary Union: a Strategic Analysis Author info | Abstract | Publisher info | Download info | Related research | Statistics Cukierman, A.
Lippi, F.
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This paper analyzes the macroeconomic consequences of the establishment of a monetary union in the presence of unionized labor markets. It is shown that the effects of the formation of a monetary union depend on several labor market festures, such as the degree of centralization of wage bargaining, labor unions' inflation aversion and the degree of substituability between the labor of different unions.
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Paper provided by Banca Italia - Servizio di Studi in its series Papers with number
365.
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Length: 42 pages
Date of creation: 2000Date of revision:
Handle: RePEc:fth:banita:365Contact details of provider: Postal: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy. Web page: http://www.bancaditalia.it/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).
Keywords: LABOUR MARKET MONETARY UNION MACROECONOMICS Other versions of this item:
Article Paper Cukierman, A. & Lippi, F., 1999.
"Labor markets and monetary union : a strategic analysis ,"
Discussion Paper
100, Tilburg University, Center for Economic Research.
[Downloadable!] Alex Cukierman & Francesco Lippi, 2000.
"Labor Markets and Monetary Union; a Strategic Analysis ,"
Temi di discussione (Economic working papers)
365, Bank of Italy, Economic Research Department.
[Downloadable!] Cukierman, Alex & Lippi, Francesco, 1999.
"Labour Markets and Monetary Union: A Strategic Analysis ,"
CEPR Discussion Papers
2236, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Find related papers by JEL classification: F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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.:
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: Agell, Jonas & Ysander, Bengt-Christer, 1993.
"Should Governments Learn to Live with Inflation? Comment ,"
American Economic Review ,
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Jensen, Henrik, 1997.
" Monetary Policy Cooperation May Not Be Counterproductive ,"
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Cubitt, Robin P, 1992.
"Monetary Policy Games and Private Sector Precommitment ,"
Oxford Economic Papers ,
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Siviero, S. & Terlizzese, D. & Visco, I., 1999.
"Are Model-Based Inflation Forecasts Used in Monetary Policymaking? A Case Study ,"
Papers
357, Banca Italia - Servizio di Studi.
Other versions: Sibert, Anne & Sutherland, Alan, 2000.
"Monetary union and labor market reform ,"
Journal of International Economics ,
Elsevier, vol. 51(2), pages 421-435, August.
[Downloadable!] (restricted)
Skott, Peter, 1997.
"Stagflationary Consequences of Prudent Monetary Policy in a Unionized Economy ,"
Oxford Economic Papers ,
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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)
Other versions: Calmfore, L., 1993.
"Centralization of Wage Bargaining and Macroeconomic Performance - A Survey ,"
Papers
536, Stockholm - International Economic Studies.
Lippi, F., 2000.
"Strategic Monetary Policy with Non-Atomistic Wage-Setters ,"
Papers
374, Banca Italia - Servizio di Studi.
Other versions:
Francesco Lippi, 2000.
"Strategic Monetary Policy with Non-Atomistic Wage-Setters ,"
Temi di discussione (Economic working papers)
374, Bank of Italy, Economic Research Department.
[Downloadable!] Francesco Lippi, 2000.
"Strategic Monetary Policy with Non Atomistic Wage Setters ,"
Econometric Society World Congress 2000 Contributed Papers
1354, Econometric Society.
[Downloadable!] Francesco Lippi, 2003.
"Strategic Monetary Policy with Non-Atomistic Wage Setters ,"
CEIS Research Paper
17, Tor Vergata University, CEIS.
[Downloadable!] Francesco Lippi, 2003.
"Strategic Monetary Policy with Non-Atomistic Wage Setters ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 70(4), pages 909-919, October.
[Downloadable!] (restricted) M. Burda, .
"European Labor Markets and the Euro: How Much Flexibility Do We Really Need? ,"
Sonderforschungsbereich 373
1999-41, Humboldt Universitaet Berlin.
Other versions: Bean, Charles R., 1994.
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European Economic Review ,
Elsevier, vol. 38(3-4), pages 523-534, April.
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Henrik Jensen, 1993.
"International monetary policy cooperation in economies with centralized wage setting ,"
Open Economies Review ,
Springer, vol. 4(3), pages 269-285, September.
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Gylfason, Thorvaldur & Lindbeck, Assar, 1994.
" The Interaction of Monetary Policy and Wages ,"
Public Choice ,
Springer, vol. 79(1-2), pages 33-46, April.
Other versions: Nucci, F. & Pozzolo, A.F., 1998.
"Investment and the Exchange Rate ,"
Papers
344, Banca Italia - Servizio di Studi.
Fornari, Fabio & Monticelli, Carlo & Pericoli, Marcello & Tivegna, Massimo, 2002.
"The impact of news on the exchange rate of the lira and long-term interest rates ,"
Economic Modelling ,
Elsevier, vol. 19(4), pages 611-639, August.
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Filippo Altissimo & Stefano Siviero & Daniele Terlizzese, 1999.
"How deep are the deep parameters? ,"
Temi di discussione (Economic working papers)
354, Bank of Italy, Economic Research Department.
[Downloadable!]
Other versions: 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.
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Leonardo Gambacorta, 1999.
"What is the Optimal Institutional Arrangement for a Monetary Union? ,"
Temi di discussione (Economic working papers)
356, Bank of Italy, Economic Research Department.
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Other versions: Nickell, Stephen, 1997.
"Unemployment and Labor Market Rigidities: Europe versus North America ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 11(3), pages 55-74, Summer.
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Dixit, Avinash K & Stiglitz, Joseph E, 1977.
"Monopolistic Competition and Optimum Product Diversity ,"
American Economic Review ,
American Economic Association, vol. 67(3), pages 297-308, June.
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Other versions: Baffigi, A. & Pagnini, M. & Quintiliani, F., 1999.
"Industrial Districts and Local Banks: Do the Twins Ever Meet? ,"
Papers
347, Banca Italia - Servizio di Studi.
Kydland, Finn E & Prescott, Edward C, 1977.
"Rules Rather Than Discretion: The Inconsistency of Optimal Plans ,"
Journal of Political Economy ,
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Zaghini, A., 1999.
"The Economic Policy of Fiscal Consolidations: The European Experience ,"
Papers
355, Banca Italia - Servizio di Studi.
Other versions: 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)
Lippi, Francesco, 1999.
"Strategic Monetary Policy with Non-Atomistic Wage Setters: A Case for Non-Neutrality ,"
CEPR Discussion Papers
2218, C.E.P.R. Discussion Papers.
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Oswald, Andrew J, 1982.
"The Microeconomic Theory of the Trade Union ,"
Economic Journal ,
Royal Economic Society, vol. 92(367), pages 576-95, September.
[Downloadable!] (restricted)
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references Cited by : (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.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page .
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