Working Paper BETA #2014-15

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Title : How to stabilize inflation without damaging employment: Strenghtening the power of unions.

Author(s) : Amélie Barbier-Gauchard, Francesco De Palma, Giuseppe Diana

Abstract : The aim of this paper is to assess the impact of union bargaining power on inflation and employment in a case of efficiency bargaining, in a context of a strategic game between Central Bank and social partners.

Key-words : monetary policy, employment, inflation, union bargaining power, efficiency bargaining.

JEL Classification : E24, E52, E58, J52.