Campolmi, A. and Gnocchi, S. (2014) Labor Market Participation, Unemployment and Monetary Policy. Working Paper. Bank of Canada, Ottawa.
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Publisher's URL: http://www.bankofcanada.ca/wp-content/uploads/2014/03/wp2014-9.pdf
Abstract
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
| Item Type: | Research Reports or Papers (Working Paper) |
|---|---|
| Additional Information: | Bank of Canada Working Paper 2014-9 |
| Status: | Published |
| Glasgow Author(s) Enlighten ID: | Campolmi, Dr Alessia |
| Authors: | Campolmi, A., and Gnocchi, S. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Publisher: | Bank of Canada |
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