| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1201 |
| DP1201 A Centre-Periphery Model of Monetary Coordination and Exchange Rate Crises | |
| Willem Buiter; Paolo Pesenti; Giancarlo Corsetti | |
| 发表日期 | 1995-07-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | In this paper we evaluate the deterioration in the European sacrifice ratio implied (both in terms of inflation and unemployment) by the fact that labour markets are structurally different and there is very little labour mobility between the European Union countries. We also consider a wage transfer effect implied by Germany's dominance. We discover that the maldistribution of unemployment rates and Germany's leadership role impose a great cost on the real side. Germany and Spain are the two countries that contribute the largest costs since they represent the two opposite extremes of the unemployment distribution. |
| 关键词 | Heterogeneity Measuring sacrifice ratios Segmented labour markets Wage leadership |
| URL | https://cepr.org/publications/dp1201 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530343 |
| 推荐引用方式 GB/T 7714 | Willem Buiter,Paolo Pesenti,Giancarlo Corsetti. DP1201 A Centre-Periphery Model of Monetary Coordination and Exchange Rate Crises. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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