Optimal contracts and the role of the government in wage bargaining

被引：0
|
作者：
Cavallari, Lilia [1 ]
机构：
[1] Univ Rome III, Rome, Italy
来源：
ECONOMICS LETTERS | 2012年 / 115卷 / 02期
关键词：
Fiscal policy commitment; Optimal wage contract; Wage bargaining; Social pact; Inflation target; POPULIST CENTRAL BANKER;
D O I：
10.1016/j.econlet.2011.12.016
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper introduces a contract between the government and trade unions in a model of strategic wage bargaining a la Lippi (2003). It shows that an optimal contract can be implemented through an appropriately defined inflation target. (C) 2011 Elsevier B.V. All rights reserved.
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页码：160 / 163
页数：4
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