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What can a New Keynesian labor matching model match?

Reicher, Christopher Phillip - 2009

A labor matching model with nominal rigidities can match short-run movements in labor's share with some success …

Persistent link: https://www.econbiz.de/10010265220

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

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are … quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the … matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important …

Persistent link: https://www.econbiz.de/10010277955

New evidence, old puzzles: technology shocks and labor market dynamics

Balleer, Almut - 2009

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding …

Persistent link: https://www.econbiz.de/10010265223

Wage rigidity and job creation

Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2009

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...

Persistent link: https://www.econbiz.de/10010270767

Sticky wages in search and matching models in the short and long run

Reicher, Christopher Phillip - 2011

This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …

Persistent link: https://www.econbiz.de/10010277345

Why it pays for aid recipients to take note of the Millennium Challenge Corporation: Other donors do!

Dreher, Axel; Nunnenkamp, Peter; Öhler, Hannes - 2010

It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...

Persistent link: https://www.econbiz.de/10010277984

Exchange-rate misalignments in duopoly: the case of Airbus and Boeing

Bénassy-Quéré, Agnès; Fontagné, Lionel; Raff, Horst - 2009

We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...

Persistent link: https://www.econbiz.de/10010263548

Optionen einer effizienten Gestaltung der Arbeitslosenversicherung

Glismann, Hans H.; Schrader, Klaus - 2001

The paper is about the economically efficient design of financial transfers to the unemployed in a highly industrialized country. There have been quite a few contributions to this problem — for example by Beenstock/Brasse, Feldstein/ Altman, Grubel, Orzag/Snower — which are presented and...

Persistent link: https://www.econbiz.de/10010265479

Markov or not Markov - this should be a question

Bickenbach, Frank; Bode, Eckhardt - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

Persistent link: https://www.econbiz.de/10010265521

On the neutrality of credit-driven asset bubbles

Reicher, Christopher Phillip - 2011

This paper proposes and tests a theory of credit-driven asset bubbles which are neutral in their real effects. When a …

Persistent link: https://www.econbiz.de/10010274435