Fonseca, Raquel; Patureau, Lise; Sopraseuth, Thepthida - Théorie Économique, Modélisation, Application … - 2008
This paper examines the impact of labor market institutions (LMI) on business cycle (BC) synchronization. We first … market institutions do matter, enhancing or dampening the effect of tax wedge divergence on BC synchronization. Our overall … synchronized cycles. In particular, disparities in tax wedges yields lower GDP co movement. Besides, interactions between labor …