Labour market reforms in the Euro area: a DSGE approach

Giorgio Presidente

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Labour market reforms in the Euro area: a DSGE approach

Giorgio Presidente

ILO research paper, no. 12, ILO

2015

Abstract

labour market

institutional framework

unemployment

econometric model

This paper develops a framework to study the impacts of labour market institutions in the context of a DSGE model. The paper reveals that between 1970 and 2003, changes in labour market institutions had only a limited impact on the volatility of output, inflation and unemployment.

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Title: Labour market reforms in the Euro area; a DSGE approach
Creators: Giorgio Presidente
Contributors: International Labour Organization.
Publisher: ILO; Geneva
Date published: 2015
Series: ILO research paper; no. 12
Number of pages: 24 p.
Language: English
Asset Type: research paper
Record Identifier: 995218627202676
Table of contents: 1 Introduction -- 2 The model -- 3 Long run impact of labour market reforms -- 4 Short run impact of labour market reforms -- 5 Sources of fluctuations in the Euro area -- 6 Conclusions.