The Effect of Heterogeneous Wage Contracts on Macroeconomic Volatility in a Financially Fragile Economy
I build a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model to investigate the effect of a heterogeneous wage contract between regular and temporary workers on a macroeconomic volatility in a financially fragile economy. The imperfect financial market condition is captured...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2017-06-01
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| Series: | East Asian Economic Review |
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| Online Access: | http://dx.doi.org/10.11644/KIEP.EAER.2017.21.2.328 |