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Macroeconomic adjustment with segmented labor markets

Agénor, Pierre-Richard - 1994

Persistent link: https://www.econbiz.de/10000893878

Macroeconomic Adjustment with Segmented Labor Markets

Agenor, Pierre-Richard; Aizenman, Joshua - 2022

. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor … improves competitiveness, and expands the formal sector at the expense of the informal sector. Hence, in a two-sector economy …

Persistent link: https://www.econbiz.de/10013308614

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - In: Journal of money, credit and banking : JMCB 40 (2008) 7, pp. 1329-1355

Persistent link: https://www.econbiz.de/10003761412

Time inconsistency and free-riding in a monetary union

Chari, Varadarajan V.; Kehoe, Patrick J. - 2002

"We analyze the setting of monetary and nonmonetary policies in monetary unions. We show that in these unions a time inconsistency problem in monetary policy leads to a novel type of free-rider problem in the setting of nonmonetary policies, such as labor market policy, fiscal policy, and bank...

Persistent link: https://www.econbiz.de/10001720602

Fiscal Limits in Advanced Economies

Leeper, Eric M. - 2011

control inflation and influence the economy in the usual ways. The paper discusses models of fiscal limits and their … implications and lays out a research agenda to integrate political economy and empirical considerations with general equilibrium …

Persistent link: https://www.econbiz.de/10013129132