| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2467 |
| DP2467 Vertical Industry Linkages: Sources Of Productivity Gains And Cumulative Causation | |
| Karen Helene Ulltveit-Moe; Frode Steen | |
| 发表日期 | 2000-05-30 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | In this paper we study the relationship between labour market institutions and monetary policy. We use a simple macroeconomic framework to show how optimal monetary policy rules depend on labour institutions (labour adjustment costs, and nominal and real wage rigidity) and social preferences regarding inflation, employment, and real wages. We also calibrate our model to compute how the change in social welfare brought about by giving up monetary policy as a result of joining the Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyse how EMU affects the incentives for labour market reform, both for reforms that increase the economy's adjustment potential and for those that affect the long-run unemployment rate. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Emu Eurosclerosis Labour market institutions Labour market reform monetary policy Monetary union Political economy Unemployment |
| URL | https://cepr.org/publications/dp2467 |
| 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/531545 |
| 推荐引用方式 GB/T 7714 | Karen Helene Ulltveit-Moe,Frode Steen. DP2467 Vertical Industry Linkages: Sources Of Productivity Gains And Cumulative Causation. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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