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The Impact of Introducing a Minimum Wage on Business Cycle Volatility

The Impact of Introducing a Minimum Wage on Business Cycle Volatility »

Source: The Impact of Introducing a Minimum Wage on Business Cycle Volatility : A Structural Analysis for Hong Kong SAR

Volume/Issue: 2008/285

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

ISBN: 9781451871432

Keywords: indexation mechanism, business cycle volatility, dynamic stochastic general equilibrium model, unobserved components model, market flexibility, small open economy, wage, wage inflation, price inflation,

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its...

The Impact of Introducing a Minimum Wage on Business Cycle Volatility
			: A Structural Analysis for Hong Kong SAR

The Impact of Introducing a Minimum Wage on Business Cycle Volatility : A Structural Analysis for Hong Kong SAR »

Volume/Issue: 2008/285

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2008

DOI: http://dx.doi.org/10.5089/9781451871432.001

ISBN: 9781451871432

Keywords: indexation mechanism, business cycle volatility, dynamic stochastic general equilibrium model, unobserved components model, market flexibility, small open economy, wage, wage inflation, price inflation,

We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment mechanism. As with other small open economies, Hong Kong SAR is vulnerable to external shocks, with its...