分享論文
UNDERSTANDING THE GAINS FROM WAGE FLEXIBILITY: THE EXCHANGE RATE CONNECTION
主講人
沈傑（中經管2022級碩士生）
論文摘要
We study the gains from increased wage flexibility using a small open economy model with staggered price and wage setting. Two results stand out: (i) the effectiveness of labor cost reductions as a means to stimulate employment is much smaller in a currency union, (ii) an increase in wage flexibility often reduces welfare, more likely so in an economy that is part of a currency union or with an exchange rate-focused monetary policy. Our findings call into question the common view that wage flexibility is particularly desirable in a currency union.
時間
2024年4月25日（周四），下午15:00-20:00
地點
學術會堂712
主持老師
王忏（金融學院），趙軍柱（韦德体育bevictor中國經濟與管理研究院）
活動對象
韦德体育bevictor、金融學院學生
人數規模
30人
主辦單位
韦德体育bevictor中國經濟與管理研究院、金融學院聯合主辦
