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Bank of Canada RSS Feedsen2024-03-29T11:29:28+00:00Labor Mobility in a Monetary Union
https://www.bankofcanada.ca/2019/04/staff-working-paper-2019-15/
The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy. In this paper, we study macroeconomic dynamics and optimal monetary policy in an economy with cyclical labor flows across two distinct regions that share trade links and a common monetary framework.2019-04-12T10:08:57+00:00enLabor Mobility in a Monetary Union2019-04-12Business fluctuations and cyclesEconomic modelsLabour marketsMonetary policy frameworkRegional economic developmentsStaff Working Paper 2019-15https://www.bankofcanada.ca/wp-content/uploads/2019/04/swp2019-15.pdfLabor Mobility in a Monetary UnionDaniela HauserMartin SenecaApril 2019EE3E32E5E52FF4