From First- to Second-Generation Social Pacts

  • Nicola Acocella
  • Giovanni Di Bartolomeo
  • Patrizio Tirelli
Part of the AIEL Series in Labour Economics book series (AIEL)


Nash Equilibrium Monetary Policy Central Bank Fiscal Policy Trade Union 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Acocella, N. and G. Ciccarone (1995), ‘Moderazione salariale e “scambio politico”: un’analisi microfondata’, Rivista Italiana di Economia, 0:111–38.Google Scholar
  2. Acocella, N. and G. Di Bartolomeo (2004), ‘Non-neutrality of monetary policy in policy games’, European Journal of Political Economy, 20: 695–707.CrossRefGoogle Scholar
  3. Acocella, N., G. Di Bartolomeo and W. Pauwels (2004), ‘Is there any scope for corporatism in stabilization policies?’, FEEM Working Paper 154.Google Scholar
  4. Acocella, N., G. Di Bartolomeo and P. Tirelli (2006), ‘The macroeconomics of social pacts’, mimeo.Google Scholar
  5. Alesina, A. and G. Tabellini (1987), ‘Rules and discretion with noncoordinated monetary and fiscal policies, Economic Inquiry, 25:619–30.CrossRefGoogle Scholar
  6. Beetsma, R.M.W.J. and A.L. Bovenberg (1998), ‘Monetary union without fiscal coordination may discipline policymakers’, Journal of International Economics, 45:239–58.CrossRefGoogle Scholar
  7. Bruno, M. and J. Sachs (1985), Economics of Worldwide Stagflation, Cambridge, MA: Harvard University Press.Google Scholar
  8. Burda, M.C. (1997), ‘Corporatism, labor unions and the safety set’, European Economic. Review, 41(3–5):635–46.CrossRefGoogle Scholar
  9. Calmfors, L. and J. Driffill (1988), ‘Bargaining structure, corporatism and macroeconomic performance’, Economic Policy, 6:14–61.Google Scholar
  10. Cameron, D.R. (1984), ‘Social democracy, corporatism, and labour quiescence: The representation of economic interest in advanced capitalist society’, in J.H. Goldthorpe (ed.), Order and Conflict in Contemporary Capitalism, Oxford: Oxford University Press, pp. 143–78.Google Scholar
  11. Cecchini, P. (1988), The European Challenge 1992. The Benefits of a Single Market, Aldershot, UK: Wildwood House.Google Scholar
  12. Clarida, R.H., J. Gali, and M. Gertler (1998), ‘Monetary policy rules in practice: some international evidence’, European Economics Review, 42(6):1033–68.CrossRefGoogle Scholar
  13. Cukierman, A. (2004), ‘Monetary institutions, monetary union and unionized labor markets — Some recent developments’, in R. Beetsma, C. Favero, A. Missale, V.A. Muscatelli, P. Natale, and P. Tirelli (eds), Monetary Policy, Fiscal Policies and Labour Markets:. Key Aspects of Macroeconomic Policymaking in EMU, Cambridge: Cambridge University Press.Google Scholar
  14. Debelle, G. and S. Fischer (1994), ‘How independent should a central bank be?’, in J. Furher (ed.), Goals, Guidelines, and Constraints Facing a Policymakers, Federal Reserve Bank of Boston, Conference Series No. 38.Google Scholar
  15. Di Bartolomeo, G. (2002), Unions, Governments and Central Banks: Macroeconomic Performance in a Simple Game Theoretical Approach, Ph.D. Dissertation, Rome: Università di Roma ‘La Sapienza’.Google Scholar
  16. Di Bartolomeo, G. (2006), ‘Interest group and the monetary policy management’, in F. Columbus (ed.), Focus on Monetary Policy, New York: Nova Science.Google Scholar
  17. Dixit, A. and L. Lambertini (2003), ‘Interactions of commitment and discretion in monetary and fiscal policy’, American Economic Review, 93(5):1522–42.CrossRefGoogle Scholar
  18. Fajertag, G. and P. Pochet (1997), ‘A new era for social pacts in Europe’, in G. Fajertag and P. Pochet (eds), Social Pacts in Europe, Brussels: European Trade Union Institute.Google Scholar
  19. Fajertag, G. and P. Pochet (2000), ‘A new era for social pacts in Europe’, in G. Fajertag and P. Pochet (eds), Social Pacts in Europe. New Dynamics, Brussels: European Trade Union Institute.Google Scholar
  20. Fitoussi, J.P. and E. Tarantelli (1985), ‘Una politica dei redditi contro i guasti del monetarismo’, Politica ed Economia, June and July–August, reproduced in E. Tarantelli, L’utopia dei deboli è la paura dei forti, Milan: Angeli, 1988.Google Scholar
  21. Gylfason, G. and A. Lindbeck (1994), ‘The interaction of monetary policy and wages’, Public Choice, 79:33–46.CrossRefGoogle Scholar
  22. Ilo, ‘Social pacts in Europe’ ( Scholar
  23. OECD (1997), ‘Economic performance and structure of collective bargaining’, Employment Outlook, 63–92, Paris: OECD.Google Scholar
  24. Piazza, J. (2001), ‘De-linking labor. Labor unions and social democratic parties under globalization’, Party Politics, 7:413–35.CrossRefGoogle Scholar
  25. Regini, M. (1997), ‘Still engaging in corporatism? Recent Italian experience in a comparative perspective’, European Journal of Industrial Relations, 3:259–78.CrossRefGoogle Scholar
  26. Regini, M. (2000), ‘Between deregulation and social pacts: The responses of European economies to globalisation’, Politics and Society, 28:5–33.CrossRefGoogle Scholar
  27. Rhodes, M. (1998), ‘Globalization, labor markets and welfare states: A future of “competitive corporatism”?’, in M. Rhodes and Y. Mény (eds), The Future of European Welfare: A New Social Contract?, London: Macmillan.Google Scholar
  28. Rhodes, M. (2001), ‘The political economy of social pacts: “Competitive corporatism” and European welfare reform’, in P. Pierson (ed.). The New Politics of the Welfare State, Oxford: Oxford University Press, pp. 165–94.CrossRefGoogle Scholar
  29. Summers, L.H., J. Gruber and R. Vergara (1993), ‘Taxation and structure of labor markets: The case of corporatism’, Quarterly Journal of Economics, 108:385–411.CrossRefGoogle Scholar
  30. Swank, D. (1999), ‘Pooled time series data base on the comparative political economy of advanced capitalist democracies’, electronic data base, Marquette University.Google Scholar
  31. Tarantelli, E. (1986), ‘The regulation of inflation and unemployment’, Industrial Relations, 25:1–15. Reprinted in P. Garonna, P. Mori and P. Tedeschi (eds), Economic Models of Trade Union, London: Chapman&Hall, 1996, pp. 305–18.CrossRefGoogle Scholar
  32. Tarantelli, E. (1987), ‘Monetary policy and the regulation of inflation and unemployment’, in M. Gunderson, N.M. Meltz and S. Ostry (eds), Unemployment: International Perspectives, Toronto: University of Toronto Press, pp. 94–102.Google Scholar
  33. Traxler, F. and B. Kittel (2000), ‘The bargaining system and performance: A comparison of 18 OECD countries’, Comparative Political Studies, 33:1154–90.CrossRefGoogle Scholar
  34. Visser, J. (2000), ‘From Keynesianism to the third way: labour relations and social policy in Western Europe’, Economic and Industrial Democracy, 21:421–56.CrossRefGoogle Scholar
  35. Visser, J. (2002), ‘Unions, wage bargaining and co-ordination in European labour markets’, in P. Pochet (ed.), Wage Policy in the Eurozone, Brussels: P.I.E. Peter Lang, pp. 39–77.Google Scholar
  36. Visser, J. (2006), ‘Wage bargaining institutions in Europe. A Happy marriage or preparing for divorce?, this volume.Google Scholar

Copyright information

© Physica-Verlag Heidelberg 2007

Authors and Affiliations

  • Nicola Acocella
    • 1
  • Giovanni Di Bartolomeo
    • 2
  • Patrizio Tirelli
    • 3
  1. 1.University of Rome ‘La Sapienza’Italy
  2. 2.University of TeramoItaly
  3. 3.University of Milan-BicoccaItaly

Personalised recommendations