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Persistent link: https://www.econbiz.de/10003803467
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behaviour...
Persistent link: https://www.econbiz.de/10012764518
In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behavior...
Persistent link: https://www.econbiz.de/10012705990
Persistent link: https://www.econbiz.de/10003309588
Persistent link: https://www.econbiz.de/10011624067
Das IMK analysiert seit Jahren regelmäßig anhand von Eurostat-Daten die Entwicklung der Arbeitskosten und der … Lohnstückkosten in Europa. In diesem Report wird zuerst die Entwicklung der Arbeitskosten in der Privatwirtschaft, im privaten … der Arbeitskosten beeinflusst die preisliche Wettbewerbsfähigkeit und die Exportperformance. Gleichzeitig spielt die …
Persistent link: https://www.econbiz.de/10009696216
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We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010359333
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010374428