Citation

Discussion Paper Details

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Title: Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band

Author(s): Roel Beetsma and Frederick van der Ploeg

Publication Date: March 1994

Keyword(s): Exchange Rate Bands, Exchange Rate Peg, Intramarginal Intervention, Monetary Accommodation, Multiple Shocks and Stabilization

Programme Area(s): International Macroeconomics

Abstract: The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.

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Bibliographic Reference

Beetsma, R and van der Ploeg, F. 1994. 'Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=925