titoli, abstracts, parole chiave >>>
Strategic monetary policy with non-atomistic wage setters

Lippi, Francesco (2003) Strategic monetary policy with non-atomistic wage setters. Review of Economic Studies, Vol. 70 (4), p. 909-919. eISSN 1467-937X. Article.

Full text not available from this repository.

DOI: 10.1111/1467-937x.t01-1-00263


Monetary policy analyses usually assume an atomistic private sector, thereby ignoring potential interactions between policy and wage-setting decisions. Yet, non-atomistic wage setters are a key feature of several industrialized economies. We study the economic consequence of non-atomistic agents and show that this qualifies previous results on the effects and desirability of a conservative central banker. In particular, the central bank aversion to inflation may have a permanent effect on structural employment, while no such effect emerges with atomistic agents.

Item Type:Article
ID Code:2354
Uncontrolled Keywords:Monetary policy, models, inflation
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/01 Economia politica
Divisions:001 Università di Sassari > 01 Dipartimenti > Economia, impresa, regolamentazione
Publisher:Blackwell / Wiley
Copyright Holders:© The Review of Economic Studies
Deposited On:18 Aug 2009 10:07

I documenti depositati in UnissResearch sono protetti dalle leggi che regolano il diritto d'autore

Repository Staff Only: item control page