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Inclusive Monetary Policy : How Tight Labor Markets Facilitate Broad-Based Employment Growth

Bergman, Nittai K.; Matsa, David A.; Weber, Michael - National Bureau of Economic Research - 2022

attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …

Persistent link: https://www.econbiz.de/10012814426

International Competitiveness and Monetary Policy : Strategic Policy and Coordination with a Production Relocation Externality

Bergin, Paul R. - 2013

Can a country gain international competitiveness by the design of optimal monetary stabilization rules? This paper reconsiders this question by specifying an open-economy monetary model encompassing a 'production relocation externality,' developed in trade theory to analyze the benefits from...

Persistent link: https://www.econbiz.de/10012459306

Accounting for Post-Crisis Inflation and Employment : A Retro Analysis

Fratto, Chiara - 2014

responsible for the slow recovery of employment, though not for the initial drop. Monetary policy shocks predict an inflation rate … 0.5% below average. Government expenditure innovations do not contribute much either to inflation or to employment …

Persistent link: https://www.econbiz.de/10012457959

Notes for a New Guide to Keynes (I) : Wages, Aggregate Demand, and Employment

Galí, Jordi - 2012

I revisit the General Theory's discussion of the role of wages in employment determination through the lens of the New … employment, and in determining the welfare impact of enhanced wage flexibility. I show that the latter is not always welfare …

Persistent link: https://www.econbiz.de/10012460009