Jr Labor market regimes and monetary policy
In this paper we propose straightforward extensions of multi-union, monopolistic competition models appearing in the recent literature on the macroeconomic effects of monetary policy. We extend these models from the Stackelberg equilibrium to the Nash equilibrium under variations in labor market regime in order to evaluate propositions about non-neutrality of monetary policy.
|Date of creation:||Feb 2002|
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- Giovanni Di Bartolomeo & Nicola Acocella, 2005.
"Non-Neutrality Of Monetary Policy In Policy Games,"
- Nicola Acocella & Giovanni Di Bartolomeo, 2002. "Non-neutrality of monetary policy in policy games," Macroeconomics 0207002, EconWPA.
- Nicola Acocella & Giovanni Di Bartolomeo, 2002. "Non-neutrality of monetary policy in policy games," Working Papers 49, University of Rome La Sapienza, Department of Public Economics.
- Cukierman, A. & Lippi, F., 1998.
"Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence,"
332, Banca Italia - Servizio di Studi.
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- Alex Cukierman & Francesco Lippi, 1998. "Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence," Temi di discussione (Economic working papers) 332, Bank of Italy, Economic Research and International Relations Area.
- Gylfason, Thorvaldur & Lindbeck, Assar, 1991.
"The Interaction of Monetary Policy and Wages,"
CEPR Discussion Papers
551, C.E.P.R. Discussion Papers.
- Cubitt, Robin P, 1995. " Corporatism, Monetary Policy and Macroeconomic Performance: A Simple Game Theoretic Analysis," Scandinavian Journal of Economics, Wiley Blackwell, vol. 97(2), pages 245-59, June.
- Acocella, Nicola & Ciccarone, Giuseppe, 1997. "Trade Unions, Nonneutrality and Stagflation," Public Choice, Springer, vol. 91(2), pages 161-78, April.
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