Macroeconomics and the Wage Bargain
Macroeconomics and the Wage Bargain

Author: Wendy Carlin

Publisher: Oxford University Press, USA

Published: 1990

Total Pages: 502

ISBN-13:

DOWNLOAD EBOOK

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.

Contested Economic Institutions
Contested Economic Institutions

Author: Torben Iversen

Publisher: Cambridge University Press

Published: 1999-08-28

Total Pages: 244

ISBN-13: 9780521645324

DOWNLOAD EBOOK

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
Essays on Wage Bargaining in Dynamic Macroeconomics

Author: Oliver Claas

Publisher: Springer

Published: 2019-11-21

Total Pages: 153

ISBN-13: 9783319978277

DOWNLOAD EBOOK

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.