Monetary Policy Effects in Developing Countries with Minimum Wages

Autor:	Kodama, Masahiro
Jazyk:	angličtina
Rok vydání:	2008
Předmět:	硬直賃金 JEL:E52 - Monetary Policy Minimum wages 景気 JEL:O11 - Macroeconomic Analyses of Economic Development JEL:J3 - Wages Compensation and Labor Costs Business cycles JEL:E32 - Business Fluctuations Cycles Sticky wage Developing countries Monetary policy 金融政策 発展途上国 最低賃金
Zdroj:	IDE Discussion Paper = IDE Discussion Paper. 142
Popis:	Using a Dynamic General Equilibrium (DGE) model, this study examines the effects of monetary policy in economies where minimum wages are bound. The findings show that the monetary-policy effect on a binding-minimum-wage economy is relatively small and quite persistent. This result suggests that these two characteristics of monetary policy in the minimum-wage model are rather different from those in the union-negotiation model which is often assumed to account for industrial economies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=jairo_______::a9f491dd9ff7f71adba750b4d4db6eef http://hdl.handle.net/2344/731 Zobrazit plný text záznamu