Employment, hours and optimal monetary policy
Maarten Dossche,
Vivien Lewis and
Céline Poilly ()
No 1713, Working Paper Series from European Central Bank
Abstract:
We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient level. Bargaining results in a convex JEL Classification: E30, E50, E60
Keywords: employment; hours; optimal monetary policy; wage curve (search for similar items in EconPapers)
Date: 2014-08
New Economics Papers: this item is included in nep-dge, nep-lab, nep-mac and nep-mon
Note: 3577821
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1713.pdf (application/pdf)
Related works:
Working Paper: Employment, hours and optimal monetary policy (2015) 
Working Paper: Employment, hours and optimal monetary policy (2014) 
Working Paper: Employment, hours and optimal monetary policy (2014) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20141713
Access Statistics for this paper
More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().