Financial market integration, labor markets, and macroeconomic policies

• Tipo: Artigo em Revista Científica Internacional
• Data: 2008

Autores

Cenesiz, MA (Autor) FEP; Pierdzioch, C (Autor) Outra

Revista

Título: International Review of Economics and Finance

Vol. 17

Páginas: 467-476

ISSN: 1059-0560

Editora: Elsevier

Indexação

Scopus - 1 Citação

Outras Informações

ID Authenticus: P-008-NDS

DOI: 10.1016/j.iref.2007.01.005

Abstract (EN): We used a dynamic two-country optimizing model featuring a labor-market friction to analyze the implications of financial market integration for the propagation of macroeconomic policies in an open economy. Our main result is that the labor-market friction we analyzed substantially reduces the magnitude of the effect of financial market integration on the propagation of macroeconomic policies.

Idioma: Inglês

Tipo (Avaliação Docente): Científica