Browsing Arbeidsnotater / Working Papers by Subject "labor force shocks"
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Structural Factors, Unemployment and Monetary Policy: The Useful Role of the Natural Rate of Interest
(Working Papers;17/2016, Working paper, 2016)We study the role of monetary policy in response to variations in unemployment due to structural factors, modeled as exogenous changes in matching efficiency and in the size of the labor force. We find that monetary policy ...