Optimal monetary policy in economies with dual labor markets

DOI10.1016/j.jedc.2009.01.008zbMath1176.91113OpenAlexW2146752150MaRDI QIDQ1042368

Lorenza Rossi, Fabrizio Mattesini

Publication date: 7 December 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.dipecodir.it/wpcom/data/wp_no_37_2008.pdf

zbMATH Keywords

Taylor rulesoptimal monetary policyreal wage rigiditytrade-unions

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Economic growth models (91B62)

Cites Work

• A non-Walrasian labor market in a monetary model of the business cycle
• The Phillips and Beveridge curves revisited
• Job Creation and Job Destruction in the Theory of Unemployment
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy