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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/731

タイトル: Monetary Policy Effects in Developing Countries with Minimum Wages
著者: Kodama, Masahiro
樹神, 昌弘
キーワード: Monetary policy
Sticky wage
Business cycles
Developing countries
Minimum wages
金融政策
硬直賃金
景気
発展途上国
最低賃金
Issue Date: Mar-2008
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 142. 2008.3
抄録: Using a Dynamic General Equilibrium (DGE) model, this study examines the effects of monetary policy in economies where minimum wages are bound. The findings show that the monetary-policy effect on a binding-minimum-wage economy is relatively small and quite persistent. This result suggests that these two characteristics of monetary policy in the minimum-wage model are rather different from those in the union-negotiation model which is often assumed to account for industrial economies.
URI: http://hdl.handle.net/2344/731
Appears in Collections:01.経済、産業(Economy and Industry)/複数地域(Interregional Studies)
04.IDE Discussion Paper

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