CENTRAL BANK INDEPENDENCE, WAGE-BARGAINING STRUCTURE, AND MACROECONOMIC PERFORMANCE IN OECD COUNTRIES

Michael Bleaney

135 citations0/0 files storedOxford Economic Papers

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Labor market dynamics and wage inequality Unemployment and Economic Growth

Abstract

The impact of central bank independence and wage-bargaining structure on inflation and unemployment is explored theoretically and tested empirically for a sample of 17 OECD countries over two separate periods. The results suggest that inflation is lower in economies with greater central bank independence and that the equilibrium unemployment rate depends on the structure of the labour market. Greater central bank independence does not appear to be associated with higher unemployment.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 135 citations exist upstream.

References

1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1988Bargaining Structure, Corporatism and Macroeconomic Performance 1981A Positive Theory of Monetary Policy in a Natural-Rate Model 1992Measuring the Independence of Central Banks and Its Effect on Policy Outcomes 1991Political and Monetary Institutions and Public Financial Policies in the Industrial Countries 1987Monopolistic Competition and the Effects of Aggregate Demand 1985Economics of Worldwide Stagflation 1988The advantage of tying one's hands

Cited by

2007Institutional Determinants of Unemployment in OECD Countries: Does the Deregulatory View Hold Water?2005The Effects of Technical Change on Labor Market Inequalities 2001Firms and the Welfare State: When, Why, and How Does Social Policy Matter to Employers?2001Business, Government, and Patterns of Labor Market Policy in Britain and the Federal Republic of Germany 2001The Domestic Sources of Multilateral Preferences: Varieties of Capitalism in the European Community

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.