Jordahl, H.; Laseen, S. - Nationalekonomiska Institutionen, Uppsala Universitet - 1999
Hoe does central bank conservatism affect labor market reform? In this paper we examine the economic forces at work. An … hence the benefits of a reform. It also increases unemployment variability, which increases the precautionary benefits of a … reform. In combination, the two effects produce a u-shaped relation between conservatism and labor market reform. An …