WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA

DOI10.1017/S1365100511000125MaRDI QIDQ5325983zbMATH OpenFDO

Authors Céline Poilly, Jean-Guillaume Sahuc

Publication date 31 July 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100511000125

zbMATH Keywords

labor market institutionssearch and matching frictionswelfare

Mathematics Subject Classification ID

Recommendations

• Real wage flexibility, economic fluctuations, and exchange rate regimes
• Efficiency wages and currency devaluation
• Labor market flexibility and the real exchange rate
• Labour market asymmetries in a monetary union
• Efficiency wages with heterogeneous agents
• Optimal wage indexation with exchange rate uncertainty in an oligopolistic and unionized economy
• The influence of traded and nontraded wages on relative prices and real exchange rates

Cites work

• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
• Financial openness, financial frictions and optimal monetary policy
• Imitators and optimizers in a changing environment
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

Cited in

(6)

• Efficiency wages and currency devaluation
• Product and labor markets distortions in Europe
• Real wage flexibility, economic fluctuations, and exchange rate regimes
• Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union*
• Imperfect intersectoral labor mobility and monetary shocks in a small open economy
• Tax reform and labour-market performance in the euro area: a simulation-based analysis using the new area-wide model

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