Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment

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

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Year of publication:	[2021]
Authors:	Bodart, Vincent ; de Walque, Gregory ; Pierrard, Olivier ; Sneessens, Henri R. ; Wouters, Rafael
Publisher:	[S.l.] : SSRN
Subject:	Lohnrigidität \| Wage rigidity \| Neoklassische Synthese \| Neoclassical synthesis \| Friktionelle Arbeitslosigkeit \| Frictional unemployment \| Geldpolitik \| Monetary policy \| Theorie der Arbeitslosigkeit \| Unemployment theory \| Dynamisches Gleichgewicht \| Dynamic equilibrium

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Extent:	1 Online-Ressource (40 p)
Series:	IZA Discussion Paper ; No. 2528
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2006 erstellt
Other identifiers:	10.2139/ssrn.957229 [DOI]
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/10013317263