| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2733 |
| DP2733 Outside Finance, Dominant Investors and Strategic Transparency | |
| Ernst-Ludwig von Thadden; Enrico Perotti | |
| 发表日期 | 2001-03-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper develops a framework for the analysis of the effects of institutions on economic performance in a monetary union in the presence of stabilization policy, unionized labour markets and monopolistically competitive price setting firms. Nominal wages are fixed contractually. In spite of full price flexibility transmission of monetary policy operates via both aggregate demand and aggregate supply channels. The Paper relates average, as well as country-specific, economic performance within the monetary union, broken down to country size, number of unions, the degree of product differentiation in product markets, and central bank conservativeness. Economic performance is characterized by unemployment, inflation, real wages and competitiveness. Both average, as well as country-specific, economic performance in the presence of (possibly) heterogeneous shocks and a unified stabilization policy are evaluated. |
| 主题 | International Macroeconomics |
| 关键词 | Monetary union Central bank conservativeness Shocks Stabilization Stabilization policy Wage bargaining Monopolistic competition |
| URL | https://cepr.org/publications/dp2733 |
| 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/531789 |
| 推荐引用方式 GB/T 7714 | Ernst-Ludwig von Thadden,Enrico Perotti. DP2733 Outside Finance, Dominant Investors and Strategic Transparency. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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