THE INFLUENCE OF CENTRAL BANK TRANSPARENCY ON LABOR MARKET REGULATION

被引：1
|
作者：
Hefeker, Carsten [1 ]
Neugart, Michael [2 ]
机构：
[1] Univ Siegen, D-57068 Siegen, Germany
[2] Tech Univ Darmstadt, Darmstadt, Germany
来源：
MANCHESTER SCHOOL | 2014年 / 82卷 / 01期
关键词：
MONETARY-POLICY; UNEMPLOYMENT; CREDIBILITY; UNCERTAINTY; EVOLUTION; OECD;
D O I：
10.1111/j.1467-9957.2012.02334.x
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper develops a theory about the relation between monetary uncertainty and government incentives to implement reforms to reduce structural distortions in labor markets. We show that uncertainty about the central bank's behavior leads to more reforms. Empirical tests employing recently developed measures of central bank transparency around the world support our main propositions.
引用
收藏
页码：17 / 32
页数：16
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