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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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