This paper explores the short-term effects of labour and product market reforms through a dynamic general equilibrium model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction. Unlike in existing work, the link between labour and product...

I.3N Inquiry into the future monetary policy framework Report of the Finance and Expenditure Committee Forty-eighth Parliament (Charles Chauvel MP, Chairperson) September 2008 Presented to the House of Representatives I.3N 2 Contents 1 Introduction 9 Our inquiry 9...