Coricelli, Fabrizio; Cukierman, Alex; Dalmazzo, Alberto - In: Scandinavian Journal of Economics 108 (2006) 1, pp. 39-63
Recent literature on the interactions between labor unions and monetary institutions features either a supply or a demand channel of monetary policy, but not both. This leads to two opposing views about the effects of central bank conservativeness. We evaluate the relative merits of those...