Labor Market Regimes and the Effects of Monetary Policy
@article{Hibbs2004LaborMR, title={Labor Market Regimes and the Effects of Monetary Policy}, author={Douglas A. Hibbs and Nicola Acocella and Giovanni Di Bartolomeo}, journal={ERN: Monetary Policy Objectives; Policy Designs; Policy Coordination (Topic)}, year={2004} }
28 Citations
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Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data
- Economics
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Using several unique data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness and the impact of wage-setting institutions on wage…
Trend inflation as a workers disciplining device in a general equilibrium model
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In New Keynesian models nominal rigidities determine socially inefficient outcomes. Our paper reverses this view: properly designed monetary policies may take advantage of predetermined nominal wages…
The issue of instability in a simple policy game between the central bank and a representative union
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In the recent economic literature the independence of the central bank is often considered to be one of the most effective guarantees to achieve price stability. A strong theoretical basis for this…
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Abstract Using data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness. The average duration of wages is a little less than one year,…
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