IDEAS home Printed from https://ideas.repec.org/p/hal/wpaper/hal-04053068.html
   My bibliography  Save this paper

Unions' Coordination and the Central Banker's behavior in a Monetary Union

Author

Listed:
  • Patrice Borda

    (CREDDI - Centre de Recherche en Economie et en Droit du Développement Insulaire [UR7_2] - UA - Université des Antilles)

  • Damien Gaumond
  • Olivier Manioc

    (CREDDI - Centre de Recherche en Economie et en Droit du Développement Insulaire [UR7_2] - UA - Université des Antilles)

Abstract

In a 2-country monetary union, this paper studies a Stackelberg game between the Central Banker and two symmetrical countries. The central banker chooses the money supply. In each country, there is a union who acts as a monopoly of labor supply. Firms are wage and price takers. We analyze the effects of internationally coordinated unions versus internationally uncoordinated unions. It is shown that wages are lower when unions are internationally coordinated and the money policy is more accomodating. This result is linked to the degree of conservatism of the Central Banker with respect to inflation. 1

Suggested Citation

  • Patrice Borda & Damien Gaumond & Olivier Manioc, 2006. "Unions' Coordination and the Central Banker's behavior in a Monetary Union," Working Papers hal-04053068, HAL.
    • Handle: RePEc:hal:wpaper:hal-04053068
    Note: View the original document on HAL open archive server: https://hal.univ-antilles.fr/hal-04053068
    as

    Download full text from publisher

    File URL: https://hal.univ-antilles.fr/hal-04053068/document
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    JEL Classification: E24 E5 J51 P45 Monetary Union International Union Coodination Employment and Wage-Setting; JEL Classification: E24; E5; J51; P45 Monetary Union; International Union Coodination; Employment and Wage-Setting;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-04053068. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.