Interacting nominal and real labour market rigidities

被引：0
|
作者：
Vogel, Lukas
机构：
[1] DG Economic and Financial Affairs, European Commission
来源：
ECONOMICS LETTERS | 2011年 / 111卷 / 03期
关键词：
Wage stickiness; Employment adjustment costs; Second best; BAYESIAN DSGE APPROACH; WAGE RIGIDITIES; BUSINESS CYCLES; FRICTIONS; SHOCKS; MODEL; COST; US;
D O I：
10.1016/j.econlet.2011.02.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The note analyses interactions between nominal wage stickiness and costly employment adjustment under rule-based and optimal monetary policy. Policy regimes affect and optimal policy lowers the welfare cost of rigidities. No quantitatively important second-best interaction between both rigidities is found. (C) 2011 European Union. Published by Elsevier B.V. All rights reserved.
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页码：264 / 267
页数：4
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