Monetary policy and labor market frictions: A tax interpretation
نویسندگان
چکیده
منابع مشابه
Tax policy and labor market performance∗
In exploring the impact of tax policy on labor-market performance, the paper first investigates how tax reform impacts labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market performance depends importantly on various other labor-market institutions, such as minimum wage laws, wage bargaining, and unemployment benefits. In non-competiti...
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In the wake of a severe recession and a sluggish recovery, labor market slack cannot be gauged solely in terms of the conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching for a job). Rather, assessments of the employment gap should reflect the incidence of underemployment (that is, people working part-time who want a...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2012
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2012.01.003