Minimum Wage and Macroeconomic Adjustment: Insights from a Small Open, Emerging, Economy with Formal and Informal Labor
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DOI: 10.32468/be.1264
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More about this item
Keywords
modelo de equilibrio general dinamico y estocástico; salario mínimo; mercado laboral informal; política monetaria; agentes heterogeneos; DSGE model; minimum wage; informal labor markets; monetary policy; heterogeneous agents;All these keywords.
JEL classification:
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J46 - Labor and Demographic Economics - - Particular Labor Markets - - - Informal Labor Market
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2024-01-22 (Banking)
- NEP-DGE-2024-01-22 (Dynamic General Equilibrium)
- NEP-INV-2024-01-22 (Investment)
- NEP-IUE-2024-01-22 (Informal and Underground Economics)
- NEP-LMA-2024-01-22 (Labor Markets - Supply, Demand, and Wages)
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