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L’evoluzione dei patti sociali in una prospettiva analitica
[The evolution of social pacts: An analytical perspective]

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Author Info

  • Acocella, Nicola
  • Di Bartolomeo, Giovanni
  • Papa, Stefano

Abstract

In this paper we revisit the case for corporatist agreements in a model where labor markets are unionized, the government controls the fiscal stance, and an independent central bank sets monetary policy. We can then analyze the scope for a political exchange between public expenditure and wage setting choices, showing that corporatism may generate quite different macroeconomic outcomes from the traditional exchange between wage restraint and high public expenditure. In fact our model can easily encompass both first and second-generation corporatist agreements.

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File URL: http://mpra.ub.uni-muenchen.de/4436/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4436.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:4436

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Related research

Keywords: Corporatism; trade unions; fiscal policy; monetary conservativeness; policy game;

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