... intermediate levels of CWB and increase it at higher levels of CWB.Hall and Franzese(1998)Average of LVAU,QVAU, twocomponents of GMT,BP18 OECDcountries1955±1990; cross-country, decade and annual ... independence (CBI) index, a 5-step index of CWB based on bargaining co-ordination and controls for openness, per-capita income, the partisan composi-tion of governments and union density. They find ... of theinflationary consequences of wage demands. In this case, the overall impact of adecreasing degree of CWB on unemployment may well be positive instead of negative as in the Cukierman and...