Market Regulation Cycles and Growth in a Monetary Union is popular PDF and ePub book, written by Mirko Abbritti in 2019-06-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Market Regulation Cycles and Growth in a Monetary Union can be Read Online from any device for your convenience.
Market Regulation Cycles and Growth in a Monetary Union Book PDF Summary
We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with endogenous growth, there is no reason to expect real income convergence. Large shocks, through endogenous TFP movements, can lead to permanent changes of output and real exchange rates. Differences are exacerbated when member countries have different product and labor market regulations. Less regulated economies are likely to have higher trend growth and recover faster from negative shocks. Results are consistent with higher inflation, lower employment and disappointing TFP growth rates experienced in the less reform-friendly euro area members.
Detail Book of Market Regulation Cycles and Growth in a Monetary Union PDF
- Author : Mirko Abbritti
- Release : 03 June 2019
- Publisher : International Monetary Fund
- ISBN : 9781498318389
- Genre : Business & Economics
- Total Page : 52 pages
- Language : English
- PDF File Size : 19,5 Mb
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