France, Selected Issues, Temas5-397

0.00 Real effective 0.00 Real interest Banque de France Cahuc and Postel-Vinay calibrated common components competition in labor components of inflation Coordinated Reform core inflation Cronos Cronos database Deviations from baseline Dolado economic effective exchange rate employment protection legislation estimates euro area euro area-wide Exchange Rate depreciation Figure firing restrictions firing threshold firms fixed-duration contracts fixed-term contracts French inflation headline inflation higher hiring and firing idiosyncratic components IMF staff calculations impact job creation job destruction job vacancy kurtosis Labor and Product labor market tightness long-run lower firing costs Macroeconomic matching function minimum wages monetary Nominal interest rate nontradables OECD percentage points permanent contracts personal transport equipment price changes productivity shock productivity thresholds Real effective exchange Real GDP Real interest rate sector simulations Slope supply shock tradables Trade balance underlying inflation unemployment rate United Kingdom Welfare workers with CDDs