Author: Wendy Carlin
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 502
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.
Macroeconomics and the Wage Bargain
Author: Wendy Carlin
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 502
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.
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 502
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.
Macroeconomics and the Wage Bargain
Author: Wendy Carlin
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 482
Book Description
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 482
Book Description
Contested Economic Institutions
Author: Torben Iversen
Publisher: Cambridge University Press
ISBN: 9780521645324
Category : Business & Economics
Languages : en
Pages : 244
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.
Publisher: Cambridge University Press
ISBN: 9780521645324
Category : Business & Economics
Languages : en
Pages : 244
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.
Essays on Wage Bargaining in Dynamic Macroeconomics
Author: Oliver Claas
Publisher: Springer
ISBN: 9783319978277
Category : Business & Economics
Languages : en
Pages : 153
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.
Publisher: Springer
ISBN: 9783319978277
Category : Business & Economics
Languages : en
Pages : 153
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.
Trade Unions, Wage Formation and Macroeconomic Stability
Author: Lars Calmfors
Publisher: Springer
ISBN: 1349085960
Category : Business & Economics
Languages : en
Pages : 328
Book Description
Publisher: Springer
ISBN: 1349085960
Category : Business & Economics
Languages : en
Pages : 328
Book Description
Centralization of Wage Bargaining and Macroeconomic Performance
Author: Lars Calmfors
Publisher:
ISBN:
Category : Wage bargaining
Languages : en
Pages : 67
Book Description
Publisher:
ISBN:
Category : Wage bargaining
Languages : en
Pages : 67
Book Description
Economics of Wage Controls
Author: K. Holden
Publisher: Springer
ISBN: 1349186775
Category : Business & Economics
Languages : en
Pages : 153
Book Description
Publisher: Springer
ISBN: 1349186775
Category : Business & Economics
Languages : en
Pages : 153
Book Description
Labor, Credit, and Goods Markets
Author: Nicolas Petrosky-Nadeau
Publisher: MIT Press
ISBN: 0262036452
Category : Business & Economics
Languages : en
Pages : 271
Book Description
An integrated framework to study the theoretical and quantitative properties of economies with frictions in labor, financial, and goods markets. This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on analyses of markets with frictions by 2010 Nobel laureates Peter A. Diamond, Dale T. Mortensen, and Christopher A. Pissarides, which provided a new theoretical approach to search markets, the book applies this new paradigm to labor, finance, and goods markets. It shows, in particular, how frictions in different markets interact with each other. The book first covers the main developments in the analysis of the labor market in the presence of frictions, offering a systematic analysis of the dynamics of this environment and explaining the notion of macroeconomic volatility. Then, building on the generality and simplicity of the search analysis, the book adapts it to other markets, developing the tools and concepts to analyze friction in these markets. The book goes beyond the traditional general equilibrium analysis of markets, which is often frictionless. It begins with the standard analysis of a single market, and then sequentially integrates more markets into the analysis, progressing from labor to financial to goods markets. Along the way, the book provides a number of useful results and insights, including the existence of a direct link between search frictions and the degree of volatility in the economy.
Publisher: MIT Press
ISBN: 0262036452
Category : Business & Economics
Languages : en
Pages : 271
Book Description
An integrated framework to study the theoretical and quantitative properties of economies with frictions in labor, financial, and goods markets. This book offers an integrated framework to study the theoretical and quantitative properties of economies with frictions in multiple markets. Building on analyses of markets with frictions by 2010 Nobel laureates Peter A. Diamond, Dale T. Mortensen, and Christopher A. Pissarides, which provided a new theoretical approach to search markets, the book applies this new paradigm to labor, finance, and goods markets. It shows, in particular, how frictions in different markets interact with each other. The book first covers the main developments in the analysis of the labor market in the presence of frictions, offering a systematic analysis of the dynamics of this environment and explaining the notion of macroeconomic volatility. Then, building on the generality and simplicity of the search analysis, the book adapts it to other markets, developing the tools and concepts to analyze friction in these markets. The book goes beyond the traditional general equilibrium analysis of markets, which is often frictionless. It begins with the standard analysis of a single market, and then sequentially integrates more markets into the analysis, progressing from labor to financial to goods markets. Along the way, the book provides a number of useful results and insights, including the existence of a direct link between search frictions and the degree of volatility in the economy.
Wages and Unemployment
Author: Pierre Picard
Publisher: Cambridge University Press
ISBN: 0521350573
Category : Equilibrium (Economics).
Languages : en
Pages : 277
Book Description
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Publisher: Cambridge University Press
ISBN: 0521350573
Category : Equilibrium (Economics).
Languages : en
Pages : 277
Book Description
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fix-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigidity. In this context new findings concerning implicit contract theory, union behaviour and efficiency wage models are reported. The effect of efficiency wage models on macroeconomic fluctuations is also considered. Finally an analysis of the important public policy issues raised in the book is provided.
Taxation, Wage Bargaining, and Unemployment
Author: Isabela Mares
Publisher: Cambridge University Press
ISBN: 1107320909
Category : Political Science
Languages : en
Pages : 203
Book Description
Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes.
Publisher: Cambridge University Press
ISBN: 1107320909
Category : Political Science
Languages : en
Pages : 203
Book Description
Why were European economies able to pursue the simultaneous commitment to full employment and welfare state expansion during the first decades of the postwar period and why did this virtuous relationship break down during recent decades? This book provides an answer to this question, by highlighting the critical importance of a political exchange between unions and governments, premised on wage moderation in exchange for the expansion of social services and transfers. The strategies pursued by these actors in these political exchanges are influenced by existing wage bargaining institutions, the character of monetary policy and by the level and composition of social policy transfers. The book demonstrates that the gradual growth in the fiscal burden has undermined the effectiveness of this political exchange, lowering the ability of unions' wage policies to affect employment outcomes.