Matches in SemOpenAlex for { <https://semopenalex.org/work/W2806064493> ?p ?o ?g. }
- W2806064493 endingPage "e00093" @default.
- W2806064493 startingPage "e00093" @default.
- W2806064493 abstract "The purpose of the paper is to study the monetary policy implications of unionized labor markets in a New Keynesian framework, augmented with asymmetries in the asset markets participation and counter-cyclical fiscal policy. We show that the concern of «non-atomistic» wage setters for their members that cannot smooth consumption, the political exchange between government and unions (in the form of «Social Pacts») and the ability of monetary policy to activate fiscal policy, lead to the following results: i) the determinacy regions may be dependent on the incentive to moderate wage claims, and hence on institutional parameters, and ii) the monetary authority's policy trade-off between the variability of inflation and the output gap, induced by cost-push shocks, is endogenized and hence contingent on the distortions in labor and asset markets and the degree of fiscal policy counter-cyclicality. Most importantly, in our framework, this trade-off is improved, relative to an economy with «atomistic» wage setters and when counter-cyclical fiscal policy is aggressive. These findings suggest the stabilization role of the institutions, when the monetary authority is unable to commit to future policies." @default.
- W2806064493 created "2018-06-13" @default.
- W2806064493 creator A5063832201 @default.
- W2806064493 creator A5071703564 @default.
- W2806064493 date "2018-11-01" @default.
- W2806064493 modified "2023-10-16" @default.
- W2806064493 title "Monetary policy with asymmetries in the asset markets participation, counter-cyclical fiscal policy and «non-atomistic» wage setters" @default.
- W2806064493 cites W1598384765 @default.
- W2806064493 cites W169857329 @default.
- W2806064493 cites W1900973786 @default.
- W2806064493 cites W1973035452 @default.
- W2806064493 cites W1985243191 @default.
- W2806064493 cites W1989421681 @default.
- W2806064493 cites W1992274937 @default.
- W2806064493 cites W2014077903 @default.
- W2806064493 cites W2016338607 @default.
- W2806064493 cites W2047539122 @default.
- W2806064493 cites W2048303424 @default.
- W2806064493 cites W2054131302 @default.
- W2806064493 cites W2054411579 @default.
- W2806064493 cites W2062649741 @default.
- W2806064493 cites W2073254488 @default.
- W2806064493 cites W2091058234 @default.
- W2806064493 cites W2092497689 @default.
- W2806064493 cites W2097733424 @default.
- W2806064493 cites W2122509945 @default.
- W2806064493 cites W2122917676 @default.
- W2806064493 cites W2127680685 @default.
- W2806064493 cites W2149530077 @default.
- W2806064493 cites W2149929561 @default.
- W2806064493 cites W2150613426 @default.
- W2806064493 cites W2159387726 @default.
- W2806064493 cites W2520106535 @default.
- W2806064493 cites W2567435071 @default.
- W2806064493 cites W3121347904 @default.
- W2806064493 cites W3123053862 @default.
- W2806064493 cites W3125420330 @default.
- W2806064493 doi "https://doi.org/10.1016/j.jeca.2018.e00093" @default.
- W2806064493 hasPublicationYear "2018" @default.
- W2806064493 type Work @default.
- W2806064493 sameAs 2806064493 @default.
- W2806064493 citedByCount "1" @default.
- W2806064493 countsByYear W28060644932021 @default.
- W2806064493 crossrefType "journal-article" @default.
- W2806064493 hasAuthorship W2806064493A5063832201 @default.
- W2806064493 hasAuthorship W2806064493A5071703564 @default.
- W2806064493 hasConcept C10688316 @default.
- W2806064493 hasConcept C121332964 @default.
- W2806064493 hasConcept C126285488 @default.
- W2806064493 hasConcept C145236788 @default.
- W2806064493 hasConcept C153180980 @default.
- W2806064493 hasConcept C162324750 @default.
- W2806064493 hasConcept C200941418 @default.
- W2806064493 hasConcept C2777388388 @default.
- W2806064493 hasConcept C29122968 @default.
- W2806064493 hasConcept C33332235 @default.
- W2806064493 hasConcept C34447519 @default.
- W2806064493 hasConcept C38652104 @default.
- W2806064493 hasConcept C41008148 @default.
- W2806064493 hasConcept C524878704 @default.
- W2806064493 hasConcept C556758197 @default.
- W2806064493 hasConcept C76178495 @default.
- W2806064493 hasConcept C77088390 @default.
- W2806064493 hasConceptScore W2806064493C10688316 @default.
- W2806064493 hasConceptScore W2806064493C121332964 @default.
- W2806064493 hasConceptScore W2806064493C126285488 @default.
- W2806064493 hasConceptScore W2806064493C145236788 @default.
- W2806064493 hasConceptScore W2806064493C153180980 @default.
- W2806064493 hasConceptScore W2806064493C162324750 @default.
- W2806064493 hasConceptScore W2806064493C200941418 @default.
- W2806064493 hasConceptScore W2806064493C2777388388 @default.
- W2806064493 hasConceptScore W2806064493C29122968 @default.
- W2806064493 hasConceptScore W2806064493C33332235 @default.
- W2806064493 hasConceptScore W2806064493C34447519 @default.
- W2806064493 hasConceptScore W2806064493C38652104 @default.
- W2806064493 hasConceptScore W2806064493C41008148 @default.
- W2806064493 hasConceptScore W2806064493C524878704 @default.
- W2806064493 hasConceptScore W2806064493C556758197 @default.
- W2806064493 hasConceptScore W2806064493C76178495 @default.
- W2806064493 hasConceptScore W2806064493C77088390 @default.
- W2806064493 hasLocation W28060644931 @default.
- W2806064493 hasLocation W28060644932 @default.
- W2806064493 hasLocation W28060644933 @default.
- W2806064493 hasOpenAccess W2806064493 @default.
- W2806064493 hasPrimaryLocation W28060644931 @default.
- W2806064493 hasRelatedWork W1542856926 @default.
- W2806064493 hasRelatedWork W1593944516 @default.
- W2806064493 hasRelatedWork W1983382971 @default.
- W2806064493 hasRelatedWork W2085284844 @default.
- W2806064493 hasRelatedWork W2278828098 @default.
- W2806064493 hasRelatedWork W2625243858 @default.
- W2806064493 hasRelatedWork W2944769454 @default.
- W2806064493 hasRelatedWork W3124273804 @default.
- W2806064493 hasRelatedWork W3124581694 @default.
- W2806064493 hasRelatedWork W3124985848 @default.
- W2806064493 hasVolume "18" @default.
- W2806064493 isParatext "false" @default.
- W2806064493 isRetracted "false" @default.