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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

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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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Publisher 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;

Find related papers by JEL classification:
J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
J58 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Public Policy
H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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This page was last updated on 2009-12-5.


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