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Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

Persistent link: https://www.econbiz.de/10011563007

Fiscal Expansion, Monetary Policy, Interest Rate Risk Premia, and Wage Reactions

Hall, Viv - 2010

the model are that it includes an endogenous interest rate risk premium (IRRP), and forward-looking monetary and fiscal … the monetary policy reaction function to maintaining price stability. Also of significance are that an income tax cuts … inflationary and real sector impacts of a personal income tax cut package depend heavily on how the cut is ‘shared' between firms …

Persistent link: https://www.econbiz.de/10013149036

Uncertainty and employment dynamics in the euro area and the US

Netšunajev, Aleksei; Glass, Katharina - 2016

In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...

Persistent link: https://www.econbiz.de/10011437769

Production relocation and the effect of monetary policy

Nishiyama, Hiroyuki - In: Journal of economic integration 20 (2005) 1, pp. 93-108

Persistent link: https://www.econbiz.de/10003052036

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

Gornemann, Nils - 2017

frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

Persistent link: https://www.econbiz.de/10013210409

Fixed wage contracts and monetary non-neutrality

Björklund, Maria; Carlsson, Mikael; Nordström Skans, Oskar - 2016

We study the importance of wage rigidities for the monetary policy transmission mechanism. Using uniquely rich micro data on Swedish wage negotiations, we isolate periods when the labor market is covered by fixed wage contracts. Importantly, negotiations are coordinated in time but their...

Persistent link: https://www.econbiz.de/10011542480