Bank of Italy paper looks at flatter Phillips curve

Weaker collective bargaining has played key role in flattening relationship, researchers say

bank-of-italy
The Bank of Italy

The Phillips curve has become flatter, largely because workers’ collective bargaining ability has weakened, a working paper published by the Bank of Italy finds.

In Bargaining power and the Phillips curve: a micro-macro analysis, Marco Lombardi, Marianna Riggi and Eliana Viviano look at three macroeoncomic trends that have been prominent since the 1980s.

The first is “the decrease in workers’ bargaining power”. The second is “the increase in the contribution of the number of workers (extensive

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.