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Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are … America, European dismissal restrictions are essential to a proper interpretation of both similar patterns in job turnover and …
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Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are … America, European dismissal restrictions are essential to a proper interpretation of both similar patterns in job turnover and …
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We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...
Persistent link: https://www.econbiz.de/10003864487
We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...
Persistent link: https://www.econbiz.de/10003879356
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