LEADER 04320nam 2200721 450 001 9910464010903321 005 20170817212547.0 010 $a1-4623-4672-3 010 $a1-4527-5009-2 010 $a9786612840678 010 $a1-282-84067-3 010 $a1-4518-6973-8 035 $a(CKB)3170000000055016 035 $a(EBL)1607855 035 $a(SSID)ssj0000944153 035 $a(PQKBManifestationID)11597309 035 $a(PQKBTitleCode)TC0000944153 035 $a(PQKBWorkID)10982385 035 $a(PQKB)11544877 035 $a(OCoLC)815736068 035 $a(MiAaPQ)EBC1607855 035 $a(EXLCZ)993170000000055016 100 $a20140227h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInternational spillover of labor market reforms /$fMai Dao ; authorized for distribution by Luc Everaert 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (37 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/113 300 $aDescription based upon print version of record. 311 $a1-4519-1427-X 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. Model; A. Overview of Main Building Blocks; B. Final Goods Firms (F-firms); C. Intermediate Goods Firms (I-firms); D. Households; E. Government; F. Unions and Wage Bargaining; G. Definition of Equilibrium; III. Solution method and calibration; IV. Policy simulation; A. Lower average tax rate; Tables; 1. Calibration of the Benchmark Model; B. What is the Role of Labor Unions?; C. How Does Openness Affect Reform Outcome?; D. Other Labor Market Reforms; 2: Long Term Effects of Policy Reforms, Percentage Deviation from Pre-reform 327 $aE. Relaxing the Perfect Financial Market AssumptionV. Nominal rigidities and monetary policy; VI. Conclusion; Figures; 1. Dynamic Responses of Domestic and Foreign Variables Following a Cut in Average Tax by 3 %, time in quarters; 2a. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - output and absorption; 2b. Comparison of Response to 3 % Tax Cut Under Unionized and Competitive Labor Market - employment, wages and international trade 327 $a3. Response of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Completely Closed Economies4. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Incomplete Financial Markets; 5. Responses of Domestic and Foreign Variables to an Average Tax Cut of 3% in Country 1, Under Benchmark and Sticky Prices cum Monetary Union; References; Appendix 330 $aThis paper uses a dynamic economy model, with unionized labor markets, to analyze the effects of labor market reforms, similar to those recently introduced in Germany, on the domestic and trading partner economies. The model is calibrated on Germany and the rest of the Euro area. The results indicate that German labor market reforms have positive spillover effects on the rest of the Euro area, which operate through the channel of trade, relative price adjustment, and financial market integration. Compared to a competitive labor market, setting, unionization dampens the positive response of the 410 0$aIMF Working Papers 606 $aLabor market$xEconometric models 606 $aLabor market$zGermany$xEconometric models 606 $aLabor unions$xEconometric models 606 $aLabor unions$zGermany$xEconometric models 606 $aInternational trade$xEconometric models 608 $aElectronic books. 615 0$aLabor market$xEconometric models. 615 0$aLabor market$xEconometric models. 615 0$aLabor unions$xEconometric models. 615 0$aLabor unions$xEconometric models. 615 0$aInternational trade$xEconometric models. 676 $a331.12 700 $aDao$b Mai$0871277 701 $aEveraert$b Luc$0971076 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464010903321 996 $aInternational spillover of labor market reforms$92273591 997 $aUNINA