Product and labor markets distortions in Europe

被引:3
|
作者
Jonsson, M [1 ]
机构
[1] Sveriges Riksbank, Monetary Policy Dept, SE-10337 Stockholm, Sweden
关键词
monopolistic competition; welfare;
D O I
10.1016/j.econlet.2006.01.024
中图分类号
F [经济];
学科分类号
02 ;
摘要
The welfare cost of product and labor markets distortions in Europe is quantified in a dynamic general equilibrium model. We find that the welfare cost of distortions in the product market is two to four times higher than in the labor market. (c) 2006 Elsevier B.V. All rights reserved.
引用
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页码:89 / 92
页数:4
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