Autor:	Jean-Guillaume Sahuc, Stéphane Moyen
Rok vydání:	2005
Předmět:	Inflation Labour economics media_common.quotation_subject Keynesian economics Unemployment Economics Welfare media_common
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.814605
Popis:	This paper extends the utility-based welfare criterion developed by Woodford (2003) to a model with labour market search. We show how the central banker's concern for inflation stabilization depends on the average steady-state durations of unemployment and job vacancy.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9c27757f5ee24a0153d1994597ec9648 https://doi.org/10.2139/ssrn.814605 Zobrazit plný text záznamu