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Financial market integration, labor markets, and macroeconomic policies

Title
Financial market integration, labor markets, and macroeconomic policies
Type
Article in International Scientific Journal
Year
2008
Authors
Cenesiz, MA
(Author)
FEP
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Pierdzioch, C
(Author)
Other
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Journal
Vol. 17
Pages: 467-476
ISSN: 1059-0560
Publisher: Elsevier
Indexing
Other information
Authenticus ID: P-008-NDS
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.
Language: English
Type (Professor's evaluation): Scientific
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