Series: IMF Working Papers
Author(s): Carsten Hefeker , Helge Berger , and Ronnie Schlöb
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2002
Keywords: Central bank, conservative central banker, trade union, inflation, Monetary Policy, Central Banking, and the Supply of Money and Credit: General, Labor-Management Relations, Trade Unions, and Collective Bargaining: General
The "conservative central banker" has come under attack recently. On the basis of models in which there is explicit interaction between trade union behavior and monetary policy, it has been argued that if 'trade un...