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Short-Term Gain or Pain? A DSGE Model-Based Analysis of the Short-Term Effects of Structural Reforms in Labour and Product Markets

This paper explores the short-term effects of labour and product market reforms through a dynamic general equilibrium model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction. Unlike in existing work, the link between labour and product market d...

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Main Author: Cacciatore, Matteo.
Corporate Author: OECD iLibrary.
Other Authors: Duval, Romain., Fiori, Giuseppe.
Format: Online
Language:English
Published: Paris : OECD Publishing, 2012.
Series:OECD working papers. Economic Department working papers ; no. 948.
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Online Access:Online version
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