Showing 1 - 10 of 25,833
Persistent link: https://www.econbiz.de/10000682668
Persistent link: https://www.econbiz.de/10001190006
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German government is low unemployment in Germany. And the...
Persistent link: https://www.econbiz.de/10013520991
Persistent link: https://www.econbiz.de/10003686285
Persistent link: https://www.econbiz.de/10002050006
Persistent link: https://www.econbiz.de/10001227634
Persistent link: https://www.econbiz.de/10013436899
The legal regulations require the minimum wage in Germany to be adjusted biennially which gives rise to a policy discontinuity. From the perspective of rational expectations models, such policy features render standard local approximation techniques infeasible. The paper presents a stylised...
Persistent link: https://www.econbiz.de/10011538716
In the presence of rigid prices, movements in the exchange rate help to absorb external shocks and to reduce changes in net exports. However, they also affect firms’ competitiveness, marginal costs, and labor demand. In countries where labor market institutions hinder wage adjustment (for...
Persistent link: https://www.econbiz.de/10011717323