| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP551 |
| DP551 The Interaction of Monetary Policy and Wages | |
| Assar Lindbeck; Thorvaldur Gylfason | |
| 发表日期 | 1991-07-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | This paper focuses on the interaction of monetary policy and wage formation in economies with strong labour unions. Government and unions are viewed as endogenous utility maximizers, and the macroeconomic consequences of their interaction are explored with the aid of some elements of game theory. It is shown: (a) how labour unions optimally adjust wages to prices following changes in monetary policy; (b) how the effectiveness of monetary policy is circumscribed without necessarily being completely nullified by the optimal reactions of unions; and (c) how the strategic interplay of government and unions can create a tendency to inflation and unemployment simultaneously. |
| 主题 | International Macroeconomics |
| 关键词 | Labour unions monetary policy Non-neutrality Wages |
| URL | https://cepr.org/publications/dp551 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529713 |
| 推荐引用方式 GB/T 7714 | Assar Lindbeck,Thorvaldur Gylfason. DP551 The Interaction of Monetary Policy and Wages. 1991. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
