Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business …
November 2005
CONTENTS
Abstract 4
Non-technical summary 5
1 Introduction 7
2 The business cycle model with labor
market … labor market with matching frictions and wage
rigidities into the New Keynesian business cycle model. In particular, we …