The case for a populist Central Banker

"We present a general equilibrium optimizing model in which we study the joint effects of centralization of wage setting and central bank independence on economic performance. Several striking conclusions emerge. In relatively centralized labor markets employment and output are decreasing, and...

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Detalles Bibliográficos
Autores Principales: Velasco, Andrés, Guzzo, Vicenzo
Publicado: 2015
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