Employment, hours and optimal monetary policy
"We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient lev...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Frankfurt am Main
2014
ECB |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19117882124919350649-employment,-hours-and-optimal-.htm |
