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for this development is the increasing shift of women out of unemployment and into part-time and marginal employment …
Persistent link: https://www.econbiz.de/10010097944
This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … New Keynesian framework we argue that labor market institutions should be divided into those institutions that cause …
Persistent link: https://www.econbiz.de/10009640358
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10010160677
This study poses the question about whether labour market institutions can explain unemployment rates in the ten new … European Union member states. In five out of the ten new member states, unemployment rates lie above the average in the 15 … institutions in the acceding countries are less rigid than in the EU-15. Moreover, labour market institutions explain only a minor …
Persistent link: https://www.econbiz.de/10009636570