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Verteilungskampf und geldpolitische Sanktion
[The struggle over distribution and monetary sanction]

  • Pusch, Toralf

Zur makroökonomischen Interaktion von Zentralbank und Gewerkschaften hat es in den letzten Jahren vermehrt spieltheoretische Beiträge gegeben. Der Vorzug der spieltheoretischen Methode ist, dass sie den Blick auf die Handlungslogiken der makroökonomischen Akteure erweitert. Zielkonflikte zwischen den Akteuren können somit deutlich herausgearbeitet werden. Die Konsequenz kann beispielsweise eine deutliche Verfehlung der von den Akteuren als optimal erachteten Niveaus von Preisstabilität und Beschäftigung sein. Dass dies nicht so sein muss, wird in diesem Beitrag am Beispiel einer alternativen Modellierung der gewerkschaftlichen Lohnpolitik gezeigt. Damit wären aber noch nicht die Voraussetzungen für eine Beschäftigungsexpansion bei stabilen Preisen erfüllt. Im keynesianischen Fall einer geldpolitischen Führung wäre vielmehr die Zentralbank gefragt, einen geldpolitischen Vertrauensvorschuss zu erbringen.

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File URL: http://mpra.ub.uni-muenchen.de/15228/1/MPRA_paper_15228.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15228.

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Date of creation: Apr 2007
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Handle: RePEc:pra:mprapa:15228
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  1. Avinash Dixit & Luisa Lambertini, 2003. "Interactions of Commitment and Discretion in Monetary and Fiscal Policies," American Economic Review, American Economic Association, vol. 93(5), pages 1522-1542, December.
  2. 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.
  3. Barro, Robert J & Gordon, David B, 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 589-610, August.
  4. Rankin, Neil, 1995. "Is Delegating Half of Demand Management Sensible?," The Warwick Economics Research Paper Series (TWERPS) 443, University of Warwick, Department of Economics.
  5. Guzzo, Vincenzo & Velasco, Andres, 1999. "The case for a populist Central Banker," European Economic Review, Elsevier, vol. 43(7), pages 1317-1344, June.
  6. Soskice, David, 1990. "Wage Determination: The Changing Role of Institutions in Advanced Industrialized Countries," Oxford Review of Economic Policy, Oxford University Press, vol. 6(4), pages 36-61, Winter.
  7. Jerger, Jurgen, 2002. "How strong is the case for a populist central banker? A note," European Economic Review, Elsevier, vol. 46(3), pages 623-632, March.
  8. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
  9. Peter Mooslechner & Martin Schürz, 2001. "The Interaction of Wage Bargaining Institutions and an Independent Central Bank – A Methodological Reflection on Current Theories," Empirica, Springer, vol. 28(4), pages 487-506, December.
  10. Jürgen Jerger & Oliver Landmann, 2006. "Dissecting the Two-Handed Approach: Who’s the Expert Hand For What?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 52(3), pages 50-70.
  11. Bofinger, Peter, 2004. "Grundlinien für eine Reform des Stabilitäts- und Wachstumspaktes," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1998 - 2007), ZBW – German National Library of Economics / Leibniz Information Centre for Economics, vol. 84(1), pages 14-18.
  12. repec:ner:tilbur:urn:nbn:nl:ui:12-152890 is not listed on IDEAS
  13. Eckhard Hein, 2005. "Die NAIRU – eine post-keynesianische Interpretation," Macroeconomics 0501009, EconWPA.
  14. Christopher Allsopp & David Vines, 2005. "The Macroeconomic Role of Fiscal Policy," Oxford Review of Economic Policy, Oxford University Press, vol. 21(4), pages 485-508, Winter.
  15. David Soskice & Torben Iversen, 2001. "Multiple Wage Bargaining Systems in the Single European Currency Area," Empirica, Springer, vol. 28(4), pages 435-456, December.
  16. Carlin, Wendy & Soskice, David, 2005. "Macroeconomics: Imperfections, Institutions, and Policies," OUP Catalogue, Oxford University Press, number 9780198776222, March.
  17. Otmar Issing, 2002. "Anmerkungen zur Koordinierung der makroökonomischen Politik in der WWU," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 71(3), pages 312-324.
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