search query: @indexterm Monetary Policy / total: 1108
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Author: | Meland, F. |
Title: | A union-bashing model of inflation targeting |
Journal: | Scandinavian Journal of Economics
2006 : VOL. 108:3, p. 419-432 |
Index terms: | inflation monetary policy unemployment |
Freeterms: | unions |
Language: | eng |
Abstract: | This article shows that in an open two-sector economy, centralization of wage setting may be important in determining the employment effects of different monetary targets. It also shows that general price-level inflation targeting is inferior to an inflation target that focuses more heavily on shielded sector prices when wage-setting centralization is higher in the shielded sector. |
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