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Unemployment in Britain : a European success story
Pissaridēs, Christophoros A. - 2003
Unemployment in the United Kingdom has fallen from high European-style levels to US levels. I argue that the key … monetary policy as an institutional change that reduced inflationary pressures in the face of falling unemployment. The decline …
Persistent link: https://www.econbiz.de/10001803225
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Unemployment in Britain : a European success story
Pissaridēs, Christophoros A. - 2003
Unemployment in the United Kingdom has fallen from high European-style levels to US levels. I argue that the key … monetary policy as an institutional change that reduced inflationary pressures in the face of falling unemployment. The decline …
Persistent link: https://www.econbiz.de/10011508067
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Unemployment in Britain : a European success story
Pissaridēs, Christophoros A. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001925347
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Unemployment in Britain : a European success story
Pissaridēs, Christophoros A. - In: Structural unemployment in Western Europe : reasons and …, (pp. 209-235). 2006
Persistent link: https://www.econbiz.de/10003339484
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Wage setting under different monetary regimes
Holden, Steinar - 2002
In an economy with large wage setters (like industry unions), the monetary regime affects the trade-off between consumer real wages and employment and profits faced by the wage setters. This paper shows that an exchange rate target, including participation in a monetary union, is likely to...
Persistent link: https://www.econbiz.de/10011408717
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Unions power, collective bargaining and optimal monetary policy
Faia, Ester (contributor); Rossi, Lorenza (contributor) - 2008
We study the design of optimal monetary policy (Ramsey policies) in a model with sticky prices and unionized labour markets. Collective wage bargaining and unions monopoly power tend to dampen wage fluctuations and to amplify employment fluctuations relatively to a DNK model with walrasian...
Persistent link: https://www.econbiz.de/10003811855
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The interactive evolution of economic ideas and experience : the case of Canadian inflation targeting
Laidler, David E. W. - 2015
create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …
Persistent link: https://www.econbiz.de/10011294097
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Interactions among economic ideas, policies and experience : the establishment of inflation targeting in Canada, 1991-2001
Laidler, David E. W. - In: Review of Economic Analysis : REA 12 (2020) 2, pp. 133-165
unemployment rate and money growth in influencing economic outcomes are also discussed. Today's standard theoretical approach to …
Persistent link: https://www.econbiz.de/10012269144
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Wage Setting Under Different Monetary Regimes
Holden, Steinar - 2021
In an economy with large wage setters (like industry unions), the monetary regime affects the trade-off between consumer real wages and employment and profits faced by the wage setters. This paper shows that an exchange rate target, including participation in a monetary union, is likely to...
Persistent link: https://www.econbiz.de/10013321347
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Endogenous growth, downward wage rigidity and optimal inflation
Abbritti, Mirko; Consolo, Agostino; Weber, Sebastian - 2021
-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change … hysteresis effects on unemployment and output. Price level targeting or a Taylor-rule responding to the unemployment rate can …
Persistent link: https://www.econbiz.de/10012745355