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Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011444082

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011455340

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2016 - This Version: February 2016

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

Persistent link: https://www.econbiz.de/10011447126

Business cycle asymmetries and the labor market

Kohlbrecher, Britta; Merkl, Christian - 2022

This paper shows that a search and matching model with idiosyncratic training cost shocks can explain the asymmetric movement of the job-finding rate over the business cycle and the decline of matching efficiency in recessions. Large negative aggregate shocks move the hiring cutoff into a part...

Persistent link: https://www.econbiz.de/10013185150

Macroeconomic volatilities and the labor market : first results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Persistent link: https://www.econbiz.de/10003961662

The inflation-output tradeoff : which type of labor market rigidity is to be blamed?

Merkl, Christian - 2009

real wage rigidities. -- Monetary policy ; real wage rigidity ; labor turnover costs ; unemployment ; tradeoff …

Persistent link: https://www.econbiz.de/10003826554

Macroeconomic volatilities and the labor market : first results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2009

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …, but stands in stark contrast to the search and matching model. While labor market institutions have a large effect on …

Persistent link: https://www.econbiz.de/10003827228

Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence

Merkl, Christian; Stüber, Heiko - 2017

Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...

Persistent link: https://www.econbiz.de/10011735900

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

empirical regularities that the conventional matching model cannot. -- Matching ; incentives ; adjustment costs ; unemployment …

Persistent link: https://www.econbiz.de/10003832116

Labor turnover costs, workers' heterogeneity and optimal monetary policy

Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2009

We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...

Persistent link: https://www.econbiz.de/10003864487