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...

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Bibliographic details
Main Author: Hochmuth, Brigitte
Format: Publication
Language: English
Place of publication: Frankfurt am Main Deutsche Bundesbank 2019
Data of publication: 2019
ISBN: 9783957295781
Series: Discussion paper
Online Access: available in Bonn?
Database: ECONIS
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