Capital mobility and labor market volatility

We used a dynamic two-country optimizing model featuring efficiency wages to analyze the implications of capital mobility for labor market volatility. Capital mobility magnifies the short-run effects of productivity shocks and monetary shocks on employment and the real wage, but dampens the medium-r...

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Veröffentlicht in:	International economics and economic policy 2010-12, Vol.7 (4), p.391-409
Hauptverfasser:	Alper Çenesiz, M, Pierdzioch, Christian
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital mobility Consumer Price Index Economic Policy Economics Economics and Finance Efficiency Efficiency wages Employment Equilibrium Globalization Households International Economics Labor market Labor market volatility Macroeconomics Macroeconomics/Monetary Economics//Financial Economics Mobility Original Paper Pricing policies Productivity Public Finance Statistics Studies Volatility Wages & salaries
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