Optimal Central Bank Conservatism and Monopoly Trade Unions

Optimal Central Bank Conservatism and Monopoly Trade Unions
The "conservative central banker" has come under attack recently. On the basis of models in which there is explicit interaction between trade union behavior and monetary policy, it has been argued that if 'trade unions' are averse to inflation, welfare will be lower with a conservative than with a liberal central bank. We reframe this discussion... READ MORE...

Publication date: March 2002
ISBN 9781451846423
$15.00

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