Sökning: onr:"swepub:oai:DiVA.org:su-41565" >
Money, Exchange Rat...
-
Gylfason, ThorvaldurStockholms universitet,Institutet för internationell ekonomi
(författare)
Money, Exchange Rates, Wages, and Games
Förlag, utgivningsår, omfång ...
-
Stockholm :IIES,1987
-
32 s.
-
electronicrdacarrier
Nummerbeteckningar
-
LIBRIS-ID:oai:DiVA.org:su-41565
-
https://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-41565URI
Kompletterande språkuppgifter
-
Språk:engelska
-
Sammanfattning på:engelska
Ingår i deldatabas
Klassifikation
-
Ämneskategori:vet swepub-contenttype
-
Ämneskategori:rap swepub-publicationtype
Serie
-
Seminar Paper / Institute for International Economic Studies, Stockholm University,0347-8769 ;383
Anmärkningar
-
This paper is focused on the interaction of monetary policy and wage determination in open economies with strong labor unions. Applying some elements of game theory, the paper views both government and labor as endogenous utility maximizers, and studies the macroeconomic consequences af their interaction. In particular, the paper shows (a) how labor unions adjust wages optimally to prices following monetary expansion or devaluation; (b) how the ultimate effectiveness of policy is reduced (without necessarily being destroyed) by optimal union reactions; and (c) how the interplay of government and labor can create a persistent tendency to unemployment and inflation simultaneously.
Ämnesord och genrebeteckningar
Biuppslag (personer, institutioner, konferenser, titlar ...)
-
Lindbeck, AssarStockholms universitet,Institutet för internationell ekonomi(Swepub:su)alind
(författare)
-
Stockholms universitetInstitutet för internationell ekonomi
(creator_code:org_t)
Internetlänk