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Unions, Monetary Shocks and the Labour Market Cycle
Fernández de Córdoba, Gonzalo; Vázquez Pérez, Jesús 
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor ...