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This paper presents a New Keynesian model characterized by labor indivisibilities, unemployment and a unionized labor …
Persistent link: https://www.econbiz.de/10005836637
We analyze, in this paper, DSNK general equilibrium model with indivisible labor where firms may belong to two different final goods producing sectors: one where wages and employment are determined in competitive labor markets and the orther where wages and employment are the result of a...
Persistent link: https://www.econbiz.de/10005616873
addressing the unemployment-volatility puzzle. Consistently with U.S. evidence, new firms create a large fraction of new jobs and …
Persistent link: https://www.econbiz.de/10008866145
addressing the unemployment-volatility puzzle. Consistently with U.S. evidence, new firms create a large fraction of new jobs and …
Persistent link: https://www.econbiz.de/10008871164
In this paper we analyze a general equilibrium DSNK model characterized by labor indivisibilities, unemployment and a …
Persistent link: https://www.econbiz.de/10005623499