S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
FIEF - Trade Union Institute for Economic Research Working Paper Series, FIEF - Trade Union Institute for Economic Research

No 191:
Does Inflation Targeting Matter for Labour Markets? – Some Empirical Evidence

Anna Larsson and Johnny Zetterberg

Abstract: This paper investigates the impact of inflation targeting on wage formation and unemployment using a panel of 17 OECD countries 1972-2000. Five of the countries included in the study have combined floating exchange rates with explicit inflation targets during the 1990s. Using a theoretical framework for a small open economy, we present simulation results and empirical tests of the model using two different methods. There is some weak evidence that inflation targeting matters for labour markets.

Keywords: Wage bargaining; Monetary regime; Equilibrium (un)employment; Inflation target; Exchange rate target; (follow links to similar papers)

JEL-Codes: E24; J50; (follow links to similar papers)

38 pages, September 17, 2003

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

WP191.pdf    PDF-file (416kB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Sune Karlsson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:fiefwp:0191 This page was generated on 2014-12-14 19:22:16