EconPapers    
Economics at your fingertips  
 

Non-neutrality of monetary policy in policy games

Nicola Acocella and Giovanni Di Bartolomeo ()

No 49, Working Papers from University of Rome La Sapienza, Department of Public Economics

Abstract: The main aim of this article is to investigate the sources of non-neutrality in policy games involving one or more trade unions. We use a simple set up in order to clearly expose the basic mechanisms that also work in more complex frameworks. We show that there are common roots in the nonneutrality results so far obtained in apparently different contexts as, e.g., an inflation-averse union playing against the government; a union sharing some other common objective with a policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We finally show that there are other cases where the nonneutrality result can arise.

Keywords: neutrality; money; unions; policy game. (search for similar items in EconPapers)
JEL-codes: E00 E52 J51 (search for similar items in EconPapers)
Pages: 29
Date: 2002-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://web.uniroma1.it/dip_ecodir/sites/default/files/wpapers/wp49_0.pdf (application/pdf)

Related works:
Working Paper: NON-NEUTRALITY OF MONETARY POLICY IN POLICY GAMES (2005) Downloads
Journal Article: Non-neutrality of monetary policy in policy games (2004) Downloads
Working Paper: Non-neutrality of monetary policy in policy games (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sap:wpaper:wp49

Access Statistics for this paper

More papers in Working Papers from University of Rome La Sapienza, Department of Public Economics Contact information at EDIRC.
Bibliographic data for series maintained by Luisa Giuriato ().

 
Page updated 2020-01-27
Handle: RePEc:sap:wpaper:wp49