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Essays on Wage Bargaining in Dynamic Macroeconomics
Engelsk
Bogcover for Essays on Wage Bargaining in Dynamic Macroeconomics af Oliver Claas, 9783319978277
Specifikationer
Sprog:
Engelsk
Sider:
153
ISBN-13:
9783319978277
Indbinding:
Paperback
ISBN-10:
3319978276
Udg. Dato:
21 nov 2019
Størrelse i cm:
15,6 x 23,4 x 1,5
Oplagsdato:
21 nov 2019
Forfatter(e):

Essays on Wage Bargaining in Dynamic Macroeconomics

Engelsk
Paperback 2019
Format:

Bog beskrivelse
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.
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Specifikationer
Sprog:
Engelsk
Sider:
153
ISBN-13:
9783319978277
Indbinding:
Paperback
ISBN-10:
3319978276
Udg. Dato:
21 nov 2019
Størrelse i cm:
15,6 x 23,4 x 1,5
Oplagsdato:
21 nov 2019
Forfatter(e):
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