Aguiar, Álvaro; Ribeiro, Ana Paula - Faculdade de Economia, Universidade do Porto - 2008
effectiveness of monetary policy, we assess if central banks have incentives to help promoting such reforms. In order to identify … the channels through which the effects of the reform impinge on the effectiveness of monetary policy, we add stylized … compared across different monetary policy rules. We find that, in general, labor market reform increases the effectiveness of …