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2 edition of Stabilisation policy and unemployment in imperfectly competitive economies found in the catalog.

Stabilisation policy and unemployment in imperfectly competitive economies

George J. Bratsiotis

Stabilisation policy and unemployment in imperfectly competitive economies

by George J. Bratsiotis

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  • 18 Currently reading

Published by London University, Queen Mary and Westfield College, Department of Economics in London .
Written in English


Edition Notes

Statementby George J. Bratsiotis and Christopher Martin.
SeriesEconomic working paper series / London University, Queen Mary and Westfield College, Department of Economics -- no.338, Economic working paper (London University, Queen Mary and Westfield College, Department of Economics) -- no.338.
ContributionsMartin, Christopher.
ID Numbers
Open LibraryOL17458260M

Indeed, we show that imperfect monitoring necessitates unemployment in equilibrium. The intuition behind our result is simple. Under the conventional competitive paradigm, in which all workers receive the market wage and there is no unemployment, the worst that can happen to a worker who shirks on the job is that he is fired. This paper examines the macroeconomic properties of imperfectly competitive economies. The focus is on the coordination failures that might arise in these economies, a study of alternative policies and the comparative static properties of these models. This paper differs from others in this area by modeling the labor market from the perspective.

Role of wages in allocating resources in competitive and imperfectly competitive markets. The economics of labor demand supply, human capital investment, union wage differentials and labor market discrimination. () ECON Economics of Shipping. Prerequisites: ACCT , ECON and completion of 54 hours of non-developmental. NBER Program(s):Economic Fluctuations and Growth. This paper examines the macroeconomic properties of imperfectly competitive economies. The focus is on the coordination failures that might arise in these economies, a study of alternative policies and the .

  Stability with Growth is not a solo work of Dr. Stiglitz but rather a group work from the Initiative for Policy Dialogue series. However, it is an intellectual expansion on Stiglitz' heterodox economics with its goal of synthesizing traditional macroeconomic and microeconomic s: 4. The analysis of commodity price stabilization is extended to deal with imperfectly competitive commodity markets. The paper summarizes the analysis of the case for international price stabilization in distorted markets, citing that most distortions are probably not designed to exercise market power but clearly have an impact on the market.


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Stabilisation policy and unemployment in imperfectly competitive economies by George J. Bratsiotis Download PDF EPUB FB2

In a model where the Central Bank uses monetary policy to stabilise the economy, we show t Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies - Bratsiotis - - The Scandinavian Journal of Economics - Wiley Online LibraryCited by: Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies Bratsiotis, George; Martin, Christopher University of Manchester, Manchester M13 9PL, England Christopher Martin Brunel University, Middlesex UB8 3PH, England Abstract This paper argues that the rate of equilibrium unemployment depends on the objectives of the Central Bank.

In a model where the Central Bank uses monetary policy to stabilise the economy. This paper argues that the rate of equilibrium unemployment depends on the objectives of the Central Bank. In a model where the Central Bank uses monetary policy to stabilise the economy, we show that unemployment and inflation will be lower with an inflation target Cited by: "Stabilisation Policy and Unemployment in Imperfectly Competitive Economies," Working PapersQueen Mary University of London, School of Economics and Finance.

Handle: RePEc:qmw:qmwecw asCited by: T1 - Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies. AU - Bratsiotis, George.

AU - Martin, Christopher. PY - /6. Y1 - /6. N2 - This paper argues that the rate of equilibrium unemployment depends on the objectives of the Central by: George J. Bratsiotis & Christopher Martin, "undated". "Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies," Economics and Finance Discussion PapersEconomics and Finance Section, School of Social Sciences, Brunel University.

Handle: RePEc:bru:bruedp Unemployment is currently the major economic concern in developed countries. This book provides a thorough analysis of the theoretical and empirical aspects of the economics of unemployment in developed countries.

It emphasizes the multicausal nature of unemployment and offers a variety of approaches for coping with the problem. Contents: Unemployment: Costs and Measurement; Stocks.

The content of the book following the present introduction is organized as follows. In chapter 1 I develop the basic model of unemployment that is used throughout the book, embedding it in a standard New Keynesian framework with staggered price and wage setting, similar to.

Read the latest chapters of Handbook of Monetary Economics atElsevier’s leading platform of peer-reviewed scholarly literature. Understanding Stabilization Policy.

A study by the Brookings Institution notes that the U.S. economy has been in a recession for about one in every seven months since the end of World War II. Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies.

By George J Bratsiotis and Christopher Martin. Topics: Imperfect competition, Stabilisation and monetary policy. Economic Performance and Stabilization Policy in a Monetary Union with Imperfect Labor and Goods’ Markets Fabrizio Coricelli,Alex Cukierman and Alberto Dalmazzo† December,19, Abstract This paper develops a framework for the analysis of the e ects of institutions on eco-nomic performance in a monetary union in the presence of.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper develops a framework for the analysis of the eects of institutions on eco-nomic performance in a monetary union in the presence of stabilization policy, unionized labor markets and monopolistically competitive, price setting firms.

Nominal wages are fixed contractually. 1. Introduction. A recent literature has focused on the impact of monetary policy for stabilisation purposes on unemployment when agents are non-atomistic (e.g. Soskice and Iversen,Soskice and Iversen,Bratsiotis and Martin,Coricelli et al.,Holden, ).However, the effects of monetary policy on equilibrium unemployment remain an open question.

The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working-time regulations, family policies, equal opportunity legislation.

Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation Stabilization provides a valuable description and a critical analysis of the disinflation programs introduced in Argentina, Bolivia, Brazil, and Israel inand discusses the possibility of such a program in Mexico.

Economics and Finance Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University Also in Public Policy Discussion Papers, Economics and Finance Section, School of Social Sciences, Brunel University () Undated. Stabilisation, Policy Targets and Unemployment in Imperfectly Competitive Economies.

The Problem. Unemployment Insurance (UI) recipiency rates are quite low on average. Further, in times of economic distress, the automatic extension component of UI.

Lecture Notes Microeconomic Theory. This lecture note covers the following topics: Modern Economics and Mathematics, Individual Decision Making, Consumer Theory, Production Theory, Choice Under Uncertainty, Strategic Behavior and Markets, Game Theory, Theory of the Market, General Equilibrium Theory and Social Welfare, Normative Theory of Equilibrium: Its Welfare Properties, Economic Core.

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Monetary and fiscal policy: which is the key to. Tax policy debates, generated by one of the most sweeping reforms of the federal income tax system since its inception, are certain to continue for years to come, providing a fertile field for economic research.

This book is the third in a series of annual publications on tax policy and the economy initiated by the National Bureau of Economic.In this paper, we develop a general model of an imperfectly competitive small open economy. There is a traded and non-traded sector, whose outputs are combined in order to produce a single final.

The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working time regulations, family policies, collective bargaining, early Reviews: 4.