Monetary policy with asymmetries in the asset markets participation, counter-cyclical fiscal policy and «non-atomistic» wage setters
Xakousti Chrysanthopoulou and
Moïse Sidiropoulos
The Journal of Economic Asymmetries, 2018, vol. 18, issue C, -
Abstract:
The purpose of the paper is to study the monetary policy implications of unionized labor markets in a New Keynesian framework, augmented with asymmetries in the asset markets participation and counter-cyclical fiscal policy.
Keywords: Non-atomistic» wage setters; Monetary policy; Fiscal policy; Asymmetries in the asset markets participation; «Social pacts»; Policy trade–offs (search for similar items in EconPapers)
JEL-codes: E24 E32 E44 E52 E62 E63 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:18:y:2018:i:c:16
DOI: 10.1016/j.jeca.2018.e00093
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