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 …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with …