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Monetary accommodation and unemployment: Why central bank transparency matters

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Author Info
Spyromitros, Eleftherios
Zimmer, Blandine

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Abstract

This note qualifies previous results on the beneficial effects of a non-accommodating monetary rule on employment by considering the case where the central bank is not fully transparent about its reaction to wages.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4V2NNX1-2/2/47dbe1ce5eb3d48066f923e6c19e657e
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 102 (2009)
Issue (Month): 2 (February)
Pages: 119-121
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Handle: RePEc:eee:ecolet:v:102:y:2009:i:2:p:119-121

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Web page: http://www.elsevier.com/locate/ecolet

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Related research
Keywords: Monetary regime Wage setting Central bank transparency;

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This page was last updated on 2009-12-12.

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