Macroeconomics and the Wage Bargain PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Macroeconomics and the Wage Bargain PDF full book. Access full book title Macroeconomics and the Wage Bargain by Wendy Carlin. Download full books in PDF and EPUB format.
Author: Wendy Carlin
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 502
Get Book
Book Description
The authors present a new treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world.
Author: Wendy Carlin
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 502
Get Book
Book Description
The authors present a new treatment of macroeconomics. Its key characteristic is the use of wage bargaining and price-setting under imperfect competition, making product and labour market assumptions closer to the real world.
Author: Wendy Carlin
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 482
Get Book
Book Description
Author: Oliver Claas
Publisher: Springer Nature
ISBN: 3319978284
Category : Business & Economics
Languages : en
Pages : 161
Get Book
Book Description
This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “right-to-manage” wage bargaining – it identifies the quantity of money, price expectations, union power, and union size as the determinants of temporary equilibria. In the three scenarios, it characterizes and compares the temporary equilibria using both analytical and numerical techniques, with an emphasis on allocations, welfare, and efficiency. It also discusses the dynamic evolution under rational expectations and its steady states in nominal and real terms. Lastly, it demonstrates conditions for stability regarding a balanced monetary expansion of the economy.
Author: Torben Iversen
Publisher: Cambridge University Press
ISBN: 9780521645324
Category : Business & Economics
Languages : en
Pages : 244
Get Book
Book Description
Examines why some countries have much higher unemployment rates than others. Explores wage bargaining institutions, macro-economic policy regimes, and the welfare state. Argues that unemployment is the outcome of interaction between the centralization of the wage bargaining system and the character of the monetary policy regime.
Author: Lars Calmfors
Publisher: Springer
ISBN: 1349085960
Category : Business & Economics
Languages : en
Pages : 328
Get Book
Book Description
Author: S. Dullien
Publisher: Springer
ISBN: 0230006140
Category : Business & Economics
Languages : en
Pages : 276
Get Book
Book Description
Sebastian Dullien gives a novel explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of co-operation between unions and monetary authorities: In an economy with endogenous money as EMU, wage setters are responsible for price stability while the central bank is responsible for the level of output. Co-operation between both actors is necessary for high employment and low inflation. The current institutional set-up is found to be unable to assure cooperation.
Author: Robert Franzese
Publisher: Springer Science & Business Media
ISBN: 147574062X
Category : Business & Economics
Languages : en
Pages : 276
Get Book
Book Description
This important collection presents an authoritative selection of papers on "Institutional Conflicts and Complementarities" This publication is intent on building bridges between economics and the other social sciences. The focus is on the interaction between monetary policy and wage bargaining institutions in European Monetary Union (EMU). Institutional Conflicts and Complementarities is written by acknowledged experts in their field. The outcome is a broad analysis of the interactions of labour market actors and central banks. The volume addresses the recent changes in EMU. An important theoretical, empirical, and policy-relevant conclusion that emerges from Institutional Conflicts and Complementarities is that even perfectly credible monetary conservatism has long-term real effects, even in equilibrium models with fully rational expectations.
Author: Jörg Lingens
Publisher: Springer Science & Business Media
ISBN: 9783540215226
Category : Business & Economics
Languages : en
Pages : 220
Get Book
Book Description
Unemployment is still the most pressing economic problem in Europe. It is consensus among most economists that the major fraction of the unemployment problem is not caused by short term business cycle factors, but is caused by structural problems. Thus, unemployment in Europe is a long term phenomenon. With this the question arises whether unemployment also affects the rate of growth of an economy. This book offers a unified approach to analyse this question by incorporating union wage bargaining into a wide variety of growth models. It is shown that unions might foster economic growth, but this result is very sensitive to the exact specification of the model under consideration. In general, imperfect labour markets have an effect on the rate of growth and as such should be considered relevant when thinking about economic growth.
Author: Mr.James McHugh
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451856354
Category : Business & Economics
Languages : en
Pages : 0
Get Book
Book Description
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage centralization and inflation? The paper argues that centralized wage setting may offer worse outcomes, despite the existence of a negative coordination externality in decentralized wage setting. This is more likely to occur when the legal and institutional environment strengthens the bargaining position of the union in the centralized regime compared with unions operating in a more decentralized regime. Furthermore, as product markets become more competitive, the macroeconomic outcomes in both regimes converge, and the degree of wage centralization becomes irrelevant.
Author: Alun H. Thomas
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Get Book
Book Description
The literature on the relationship between the unemployment rate and wage bargaining fails to separate the offsetting effects of a reduction in competition associated with centralized bargaining and the increased awareness of unemployment externalities. This paper uses OECD data to distinguish these effects. While wages have become more sensitive to changes in the unemployment rate in countries that have switched to centralized wage-bargaining arrangements, the industry wage is not particularly sensitive to internal factors (relative price and productivity shifts) in economies with centralized/industry-level bargaining arrangements. The latter effect dominates in terms of persistently high unemployment and weaker growth.
