Market Regulation, Cycles and Growth in a Monetary Union

Market Regulation, Cycles and Growth in a Monetary Union
We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the adjustment to shocks. We show that with endogenous growth, there is no reason to expect real income convergence. Large shocks, through endogenous TFP... READ MORE...

Publication date: June 2019
ISBN 9781498311489
$18.00

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