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Essays on Wage Bargaining in Dynamic Macroeconomics
Essays on Wage Bargaining in Dynamic Macroeconomics

Kaina internetu: 79,49 €

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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 t…
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Essays on Wage Bargaining in Dynamic Macroeconomics
  • Autorius: Oliver Claas
  • Leidėjas:
  • Metai: 20190916
  • ISBN-10: 3319978276
  • ISBN-13: 9783319978277
  • Formatas: 15.7 x 23.3 x 1.2 cm, minkšti viršeliai
  • Kalba: Anglų

Essays on Wage Bargaining in Dynamic Macroeconomics Minkšti viršeliai - 20190916

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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.

  • Kaina internetu: 79,49 €
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  • Išsiųsime per 14–18 d. d.

Formatai:

79,49 € Nauja knyga
minkšti viršeliai

  • Autorius: Oliver Claas
  • Leidėjas: Springer-Verlag GmbH
  • Metai: 20190916
  • ISBN-10: 3319978276
  • ISBN-13: 9783319978277
  • Formatas: 15.7 x 23.3 x 1.2 cm, minkšti viršeliai
  • Kalba: Anglų

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