Series: IMF Working Papers
Author(s): James McHugh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2002
Keywords: wage centralization, wage, aggregate demand, monetary policy, Trade Unions: Objectives, Structure, and Effects, Central Banking, and the Supply of Money and Credit: General,
This paper addresses two questions. First, under what circumstances will a centralized wage-bargaining system offer higher output and employment than a decentralized system? Second, what is the relationship between...