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How to stabilize inflation without damaging employment: Strenghtening the power of unions

Author

Listed:
  • Amélie BARBIER-GAUCHARD
  • Francesco De PALMA
  • Giuseppe DIANA

    (LaRGE Research Center, Université de Strasbourg)

Abstract

The aim of this paper is to assess the impact of union bargaining power on inflation and employment in a case of efficiency bargaining, in a context of a strategic game between Central Bank and social partners.

Suggested Citation

  • Amélie BARBIER-GAUCHARD & Francesco De PALMA & Giuseppe DIANA, 2014. "How to stabilize inflation without damaging employment: Strenghtening the power of unions," Working Papers of LaRGE Research Center 2014-07, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    • Handle: RePEc:lar:wpaper:2014-07
    as

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    References listed on IDEAS

    as
    1. 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.
    2. Moïse Sidiropoulos & Blandine Zimmer, 2009. "Monetary Union Enlargement, Fiscal Policy, and Strategic Wage Setting," Review of International Economics, Wiley Blackwell, vol. 17(3), pages 631-649, August.
    3. McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
    4. Diana, Giuseppe & Zimmer, Blandine, 2005. "Is monetary union necessarily counterproductive?," Economics Letters, Elsevier, vol. 89(1), pages 61-67, October.
    5. ,, 2009. "Economics of Monetary Union," OUP Catalogue, Oxford University Press, edition 8, number 9780199563234, Decembrie.
    6. Hans Peter Grüner & Carsten Hefeker, 1999. "How Will EMU Affect Inflation and Unemployment in Europe?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 101(1), pages 33-47, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monetary policy; employment; inflation; union bargaining power; efficiency bargaining;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • J52 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Dispute Resolution: Strikes, Arbitration, and Mediation

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