DP925 Macroeconomic Stabilization and Intervention Policy Under an Exchange Rate Band
|Author(s):||Roel Beetsma, Frederick van der Ploeg|
|Publication Date:||March 1994|
|Keyword(s):||Exchange Rate Bands, Exchange Rate Peg, Intramarginal Intervention, Monetary Accommodation, Multiple Shocks, Stabilization|
|JEL(s):||E0, F3, F4|
|Programme Areas:||International Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=925|
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.