Essays on Wage Bargaining in Dynamic Macroeconomics

Essays on Wage Bargaining in Dynamic Macroeconomics
Author :
Publisher : Springer Nature
Total Pages : 161
Release :
ISBN-10 : 9783319978284
ISBN-13 : 3319978284
Rating : 4/5 (84 Downloads)

Book Synopsis Essays on Wage Bargaining in Dynamic Macroeconomics by : Oliver Claas

Download or read book Essays on Wage Bargaining in Dynamic Macroeconomics written by Oliver Claas and published by Springer Nature. This book was released on 2019-11-20 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Essays on Wage Bargaining in Dynamic Macroeconomics Related Books

Essays on Wage Bargaining in Dynamic Macroeconomics
Language: en
Pages: 161
Authors: Oliver Claas
Categories: Business & Economics
Type: BOOK - Published: 2019-11-20 - Publisher: Springer Nature

DOWNLOAD EBOOK

This book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping g
Macroeconomic Theory
Language: en
Pages: 437
Authors: Volker Böhm
Categories: Business & Economics
Type: BOOK - Published: 2017-10-30 - Publisher: Springer

DOWNLOAD EBOOK

This textbook offers a unique approach to macroeconomic theory built on microeconomic foundations of monetary macroeconomics within a unified framework of an in
Economic Ideas You Should Forget
Language: en
Pages: 168
Authors: Bruno S. Frey
Categories: Business & Economics
Type: BOOK - Published: 2017-03-08 - Publisher: Springer

DOWNLOAD EBOOK

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. E
Macroeconomic Inequality from Reagan to Trump
Language: en
Pages: 145
Authors: Lance Taylor
Categories: Business & Economics
Type: BOOK - Published: 2020-08-20 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

An innovative approach to measuring inequality providing the first full integration of distributional and macro level data for the US.
Unconventional Economic Essays
Language: en
Pages: 308
Authors: Amit Bhaduri
Categories: Business & Economics
Type: BOOK - Published: 1999 - Publisher: Oxford University Press, USA

DOWNLOAD EBOOK

This is a collection of essays spanning a wide range of topics in micro-, macro-, and development economics. The author departs from the dominant neo-classical