Nominal wage rigidities in a new Keynesian model with frictional unemployment

Vincent Bodart, Gregory De Walque, Olivier Pierrard, Henri R. Sneessens, Raf Wouters

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple shocks. The model generates realistic statistics for the important labor market variables.

MoreLess

Year of publication:	[2006]
Authors:	Bodart, Vincent ; De Walque, Gregory ; Pierrard, Olivier ; Sneessens, Henri R. ; Wouters, Rafael
Publisher:	Brussels : National Bank of Belgium
Subject:	DSGE \| Search and Matching \| Nominal Wage Rigidity \| Monetary Policy \| Lohnrigidität \| Wage rigidity \| Verhandlungstheorie des Lohnes \| Collective bargaining theory \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Theorie \| Theory \| USA \| United States

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 45 Seiten) Illustrationen
Series:	Working paper / National Bank of Belgium / National Bank of Belgium. - Brussels, ISSN 1784-2476, ZDB-ID 2225248-4. - Vol. no 97 (October 2006)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/144311 [Handle]
Classification:	E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011622322