, wages than old matches, as new hires receive technology associated with the latest vintage. Our contribution is to produce … model driven stickiness of old jobs' wages which does not rely on ad hoc assumptions on wage rigidity. In our model, an … frictions. -- Matching ; productivity shocks ; job flows ; Beveridge curve ; vintage structure ; nominal rigidities ; monetary …

of employment, wages and consumption inequality. Finally, the model provides important insights for the Phillips and … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …

.ation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we …

stylised HANK model augmented with search and matching and ex-ante heterogeneity in terms of educational attainment. We show …

In this paper, I incorporate a complex network model into a state of the art stochastic general equilibrium framework … the tools of network analysis it is possible to study how contagion spreads between banks and what is the probability and …

that while the global network structure remains stable, individual exposures are more dynamic. The main message from the …

of labour shortages on wages and hiring. Firms with higher shortages pay a wage growth premium to keep and attract …

We present new evidence on the structure of euro area securities markets using a multilayer network approach. Layers …, since it supports the identification of counterparty risk, concentration risk and funding risk within the interbank network … and the wider macro-financial network. …