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Labor Supply Shocks, Labor Force Entry, and Monetary Policy

Kurozumi, Takushi; Van Zandweghe, Willem - 2022

supply shock to the value of nonparticipation in the labor market induces a policy trade-off between stabilization of the … employment gap and wage growth. For an adverse labor supply shock, optimal policy dampens the decline in employment to rein in …

Persistent link: https://www.econbiz.de/10014083431

On the Response of Inflation and Monetary Policy to an Immigration Shock

Garcia, Benjamin - 2020

An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these …

Persistent link: https://www.econbiz.de/10012834823

Boosting productivity and living standards in Thailand

Koen, Vincent; Asada, Hidekatsu; Rahuman, Mohamed … - 2018

The Prosperity pillar of the 2030 Agenda for Sustainable Development calls for an integrated approach based on boosting productivity through diversification, upgrading technology and innovation, and increasing employment and entrepreneurship. Thailand needs to address all these challenges to...

Persistent link: https://www.econbiz.de/10011914179