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Is there any scope for corporatism in stabilization policies?

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Author Info
Acocella, Nicola
Di Bartolomeo, Giovanni
Pauwels, Wilfried

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Abstract

This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. We show that if negotiations between these two parties only relate to macroeconomic stabilization, corporatism can never be beneficial to both parties. As corporatist policies are nevertheless commonly observed in this context, we discuss possible explanations that reconcile the theory with actual observations. The policy implications of these explanations are also discussed.

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File URL: http://mpra.ub.uni-muenchen.de/3584/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 3584.

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Date of creation: Jun 2007
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Handle: RePEc:pra:mprapa:3584

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Related research
Keywords: Social pacts axiomatic bargaining unions issue linkage.

Find related papers by JEL classification:
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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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. 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)
    Other versions:
  2. Acocella, Nicola & Di Bartolomeo, Giovanni, 2004. "Non-neutrality of monetary policy in policy games," European Journal of Political Economy, Elsevier, vol. 20(3), pages 695-707, September. [Downloadable!] (restricted)
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  3. Nicola Acocella & Giovanni Di Bartolomeo, 2003. "Is corporatism feasible?," Macroeconomics 0301003, EconWPA. [Downloadable!]
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  4. Henk Folmer & Pierre Mouche & Shannon Ragland, 1993. "Interconnected games and international environmental problems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(4), pages 313-335, August. [Downloadable!] (restricted)
  5. Carlo Carraro & Carmen Marchiori, 2003. "Endogenous Strategic Issue Linkage in International Negotiations," Working Papers 2003.40, Fondazione Eni Enrico Mattei. [Downloadable!]
  6. 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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  7. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April. [Downloadable!] (restricted)
  8. 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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  9. Detken, Carsten & Gartner, Manfred, 1992. " Governments, Trade Unions and the Macroeconomy: An Expository Analysis of the Political Business Cycle," Public Choice, Springer, vol. 73(1), pages 37-53, January.
  10. 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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  11. Streeck, Wolfgang, 1998. "The Internationalization of Industrial Relations in Europe: Prospects and Problems," MPIfG Discussion and Working Papers 2, Max Planck Institute for the Study of Societies. [Downloadable!]
  12. 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)
  13. 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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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.)

  1. Acocella, Nicola & Di Bartolomeo, Giovanni, 2007. "The Cost of Social Pacts," MPRA Paper 3585, University Library of Munich, Germany. [Downloadable!]
  2. Caeyers B. & Pauwels W., 2006. "Corporatism and Macroeconomic Stabilization Policies," Working Papers 2006035, University of Antwerp, Faculty of Applied Economics. [Downloadable!]
  3. Nicola Acocella & Giovanni Di Bartolomeo, 2005. "Is corporatism feasible?," Macroeconomics 0504037, EconWPA. [Downloadable!]
    Other versions:
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