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 inflation is initially increasing and then decreasing, in the degree of central bank independence."
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| Main Authors: | , |
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| Published: |
2017-04-18T21:16:22Z
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| Subjects: | Política Monetaria, Modelos de Equilibrio General, Bancos Centrales, |
| Online Access: | http://hdl.handle.net/11445/1658 |
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