Labor market reforms, precautionary savings, and global imbalances
How do labor market reforms affect international competitiveness and net foreign assets? To answer this question, we build a two-region RBC model with labor market frictions, idiosyncratic consumption risk, and limited cross-sectional heterogeneity to establish a direct link between labor market ref...
|Main Author:||Hochmuth, Brigitte|
|Place of publication:||
Frankfurt am Main Deutsche Bundesbank 2019
|Data of publication:||2019|
|Online Access:||available in Bonn?|
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