分享论文
UNDERSTANDING THE GAINS FROM WAGE FLEXIBILITY: THE EXCHANGE RATE CONNECTION
主讲人
沈杰（中经管2022级硕士生）
论文摘要
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.
时间
2024年4月25日（周四），下午15:00-20:00
地点
学术会堂712
主持老师
王忏（金融学院），赵军柱（创新发展学院中国经济与管理研究院）
活动对象
创新发展学院、金融学院学生
人数规模
30人
主办单位
创新发展学院中国经济与管理研究院、金融学院联合主办
