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Fiscal and monetary interactions when wage-setters are large: is there a role for corporatist policies?

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  • Lilia Cavallari

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  • Lilia Cavallari, 2010. "Fiscal and monetary interactions when wage-setters are large: is there a role for corporatist policies?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 37(3), pages 291-309, July.
  • Handle: RePEc:kap:empiri:v:37:y:2010:i:3:p:291-309 DOI: 10.1007/s10663-009-9109-4
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    References listed on IDEAS

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    1. Holden, Steinar, 2005. "Monetary regimes and the co-ordination of wage setting," European Economic Review, Elsevier, vol. 49(4), pages 833-843, May.
    2. Beetsma, Roel M. W. J. & Lans Bovenberg, A., 1998. "Monetary union without fiscal coordination may discipline policymakers," Journal of International Economics, Elsevier, pages 239-258.
    3. Alesina, Alberto & Perotti, Roberto, 1997. "The Welfare State and Competitiveness," American Economic Review, American Economic Association, pages 921-939.
    4. Lawrence Summers & Jonathan Gruber & Rodrigo Vergara, 1993. "Taxation and the Structure of Labor Markets: The Case of Corporatism," The Quarterly Journal of Economics, Oxford University Press, vol. 108(2), pages 385-411.
    5. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2002. "Should the European Central Bank and the Federal Reserve be concerned about fiscal policy?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 333-389.
    6. Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, American Economic Association, pages 647-666.
    7. Tito Boeri & Michael C. Burda, 2009. "Preferences for Collective Versus Individualised Wage Setting," Economic Journal, Royal Economic Society, vol. 119(540), pages 1440-1463, October.
    8. Avinash Dixit & Luisa Lambertini, 2003. "Interactions of Commitment and Discretion in Monetary and Fiscal Policies," American Economic Review, American Economic Association, pages 1522-1542.
    9. Nicola Acocella & Giovanni Di Bartolomeo, 2007. "Is Corporatism Feasible?," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 340-359, May.
    10. Dixit, Avinash & Lambertini, Luisa, 2003. "Symbiosis of monetary and fiscal policies in a monetary union," Journal of International Economics, Elsevier, pages 235-247.
    11. Avinash Dixit & Luisa Lambertini, 2003. "Interactions of Commitment and Discretion in Monetary and Fiscal Policies," American Economic Review, American Economic Association, pages 1522-1542.
    12. Acocella, Nicola & Di Bartolomeo, Giovanni & Tirelli, Patrizio, 2007. "Monetary conservatism and fiscal coordination in a monetary union," Economics Letters, Elsevier, vol. 94(1), pages 56-63, January.
    13. Perotti, Roberto & Alesina, Alberto, 1997. "The Welfare State and Competitiveness," Scholarly Articles 4553027, Harvard University Department of Economics.
    14. Oswald, Andrew J, 1982. "The Microeconomic Theory of the Trade Union," Economic Journal, Royal Economic Society, vol. 92(367), pages 576-595, September.
    15. Nicola Acocella & Giovanni Bartolomeo & Patrizio Tirelli, 2007. "Fiscal Leadership and Coordination in the EMU," Open Economies Review, Springer, pages 281-289.
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    Cited by:

    1. Jesús Ferreiro & Carmen Gómez, 2014. "Implementing a Voluntary Wage Policy: Lessons from the Irish and Spanish Wages Policies before the Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(1), pages 107-127, Februar.
    2. Cavallari, Lilia, 2012. "Optimal contracts and the role of the government in wage bargaining," Economics Letters, Elsevier, vol. 115(2), pages 160-163.

    More about this item

    Keywords

    Policy games; Monetary and fiscal policy interactions; Wage bargaining; Trade unions; Social pact; Corporatism; E52; E61; E63; J51;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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