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1. Central Bank Independence, Centralized Wage Bargaining and Price Stability in a Monetary Policy Game
Magister-uppsats, Lunds universitet/Nationalekonomiska institutionenSammanfattning : This paper addresses the usefulness of studying the interplay between central bank independence and centralized wage bargaining in the context of a repeated monetary policy game. Conventional macroeconomic wisdom suggests that because of increased credibility and the possibility to overcome inflationary bias, increased central bank independence has a negative effect on inflation rates. LÄS MER
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