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eine Analyse des deutschen Arbeitsmarktes statt. Darin wird konstatiert, daß der Tiefpunkt im westdeutschen Arbeitsmarkt … gibt keinen Anlaß zur Sorge. Die Finanzpolitik ist daraufhin ausgerichtet, die Maastricht-Kriterien zu erfüllen. Sie wirkt … damit im Gegensatz zur Geldpolitik restriktiv. …
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In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...
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This paper examines the empirical evidence regarding the poor performance of the youth labor market in Spain over the last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over-education, and low intensity of on-the-job training. It also...
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