• Publications
  • Influence
Bargaining structure, corporatism and macroeconomic performance
Centralization of wage bargaining Lars Calmfors and John Driffill The structure of labour markets is increasingly perceived as a determinant of the macroeconomic performance of a country. ThisExpand
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ACTIVE LABOUR MARKET POLICY AND UNEMPLOYMENT - A FRAMEWORK FOR THE ANALYSIS OF CRUCIAL DESIGN FEATURES
Active Labour Market Policy and Unemployment : A Framework for the Analysis of Crucial Design Features
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Centralisation of Wage Bargaining and Macroeconomic Performance: A Survey
Starting from the theoretical argument underlying the “hump shape” hypothesis, the paper investigates the various dimensions of centralisation in the wage formation process. The diversity of effectsExpand
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Wages and Wage-Bargaining Institutions in the Emu: A Survey of the Issues
The paper distinguishes between the impact of the EMU on nominal wage flexibility and on equilibrium real wage and unemployment levels. A perceived need to increase nominal wage flexibility as aExpand
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Centralisation Of Wage Bargaining And Macroeconomic Performance
Starting from the theoretical argument underlying the “hump shape” hypothesis, the paper investigates the various dimensions of centralisation in the wage formation process. The diversity of effectsExpand
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Unemployment, Labor Market Reform, and Monetary Union
  • L. Calmfors
  • Economics
  • Journal of Labor Economics
  • 1 April 2001
Monetary union, such as the Economic and Monetary Union in Europe (EMU), may affect incentives for labor market reform, and thus equilibrium unemployment, through several mechanisms. If an inflationExpand
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Macroeconomic Policy, Wage Setting, and Employment--What Difference Does the EMU Make?
The likely impact of the EMU on the variability and level of employment is analysed. The major conclusions are as follows. (i) Although an inflation-target regime will constrain monetary policy of aExpand
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Does Active Labour Market Policy Work? Lessons from the Swedish Experiences
The Swedish experiences of the 1990s provide a unique example of how large-scale active labour market programmes (ALMPs) have been used as a means to fight high unemployment. This paper surveys theExpand
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Macroeconomic Effects of Active Labour Market Programmes in a Union Wage-Setting Model
The recent Western European policy debate on unemployment has emphasized the benefits of active labor market programs. The authors analyze the effects on wage pressure and equilibrium employment in aExpand
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