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Labor market participation, unemployment and monetary policy
Campolmi, Alessia; Gnocchi, Stefano - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
Persistent link: https://www.econbiz.de/10010254334
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Cyclical Inflation Divergence and Different Labor Market Institutions in the Emu
Campolmi, Alessia; Faia, Ester - 2021
differences in labor market institutions across the same set of countries. It does that by using a DSGE model for a currency area … with sticky prices and labor market frictions. We show that differences in labor market institutions account well for … cyclical inflation differentials. The proposed mechanism is a supply side one in which differences in labor market institutions …
Persistent link: https://www.econbiz.de/10013317627
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Cyclical inflation divergence and different labor market institutions in the EMU
Campolmi, Alessia; Faia, Ester - 2006
differences in labor market institutions across the same set of countries. It does that by using a DSGE model for a currency area … with sticky prices and labor market frictions. We show that differences in labor market institutions account well for … cyclical inflation differentials. The proposed mechanism is a supply side one in which differences in labor market institutions …
Persistent link: https://www.econbiz.de/10011604665