Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies

Scandinavian Journal of Economics

Volumn 101, Issue 2, 1999, Pages 241-256

  Bratsiotis, George ^a   Martin, Christopher ^b  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

^b BRUNEL UNIVERSITY   (United Kingdom)

Author keywords

Imperfect competition; Inflation targets; Stabilisation and monetary policy; Unemployment

Indexed keywords

EID: 0033470618     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9442.00155     Document Type: Article

References (19)

1. Bénassy, J.-P. (1987), Imperfect Competition, Unemployment and Policy, European Economic Review 31, 417-426.
2. Blanchard, O. J. and Kiyotaki, N. (1987), Monopolistic Competition and the Effects of Aggregate Demand, American Economic Review 77, 647-666.
3. Calmfors, L. and Driffill, J. (1988), Centralisation of Wage Bargaining and Macroeconomic Performance, Economic Policy, no. 6, 13-61.
4. Calmfors, L. and Horn, H. (1985), Classical Unemployment, Accommodation Policies, and the Adjustment of Real Wages, Scandinavian Journal of Economics 87(2), 234-261.
5. Dixon, H. (1987), A Simple Model of Imperfect Competition with Walrasian Features, Oxford Economic Papers 39, 134-160.
6. Dixon, H. (1988), Unions, Oligopoly and the Natural Range of Employment, Economic Journal 98, 1127-1147.
7. Dixon, H. and Rankin, N. (1994), Imperfect Competition Macroeconomics: A Survey, Oxford Economic Papers 46, 171-199.
8. Driffill, J. (1984), Can Stabilisation Policy Increase the Equilibrium Rate of Unemployment?, in G. Hutchinson and J. G. Treble (eds.), Recent Advances in Labour Economics, Croom-Helm, London.
9. Driffill, J. (1985), Macroeconomic Stabilisation Policy and Trade Union Behaviour as a Repeated Game, Scandinavian Journal of Economics 87(2), 300-326.
10. Green, J. (1996), Inflation Targeting: Theory and Policy Implications, IMF Staff Papers 43, 779-795.
11. Hart, O. (1982), A Model of Imperfect Competition with Keynesian Features, Quarterly Journal of Economics 97, 109-138.
12. King, M. (1997), Changes in UK Monetary Policy: Rules and Discretion in Practice, Journal of Monetary Economics 39, 81-97.
13. Lindbeck, A. and Snower, D. J. (1994), How are Product Demand Changes Transmitted to the Labour Market?, Economic Journal 104, 386-398.
14. Mankiw, N. G. (1985), Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly, Quarterly Journal of Economics 100, 529-537.
15. Rankin, N. (1992), Imperfect Competition, Expectations and the Multiple Effects of Monetary Growth, Economic Journal 102, 743-753.
16. Rogoff, K. (1985), The Optimal Degree of Commitment to an Intermediate Monetary Target, Quarterly Journal of Economics 100, 1169-1190.
17. Sørensen, J. R. (1992), Uncertainty and Monetary Policy in a Wage Bargaining Model, Scandinavian Journal of Economics 94(3), 443-455.
18. Svensson, L. E. O. (1997), Optimal Inflation Targets, Conservative Central Banks, and Linear Inflation Contracts, American Economic Review 87(1), 98-114.
19. Wren-Lewis, S. (1985), Imperfect Competition and Effective Demand in the Long Run, Discussion Paper no. 98, NIESR, London.