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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010
model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to … the standard search and matching model. -- monetary persistence ; labor market ; hiring and firing costs …
Persistent link: https://www.econbiz.de/10003937114
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - In: Journal of economic dynamics & control 34 (2010) 5, pp. 968-983
Persistent link: https://www.econbiz.de/10003973007
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang (contributor);  … - 2008
introduction of labor turnover costs (such as hiring and firing costs). Assuming that it is costly to hire and fire workers implies …. -- Monetary persistence ; labor market ; hiring and firing costs …
Persistent link: https://www.econbiz.de/10003665644
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010
Persistent link: https://www.econbiz.de/10003943956
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Monetary persistence, imperfect competition, and staggering complementarities
Merkl, Christian; Snower, Dennis J. - In: Macroeconomic dynamics 13 (2009) 1, pp. 81-106
Persistent link: https://www.econbiz.de/10003815907
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Monetary Persistence and the Labor Market : A New Perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2021
model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to …
Persistent link: https://www.econbiz.de/10013316264
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Monetary Persistence and the Labor Market : A New Perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2021
introduction of labor turnover costs (such as hiring and firing costs). Assuming that it is costly to hire and fire workers implies …
Persistent link: https://www.econbiz.de/10013325145
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Monetary persistence, imperfect competition, and staggering complementarities
Merkl, Christian (contributor);  … - 2007
This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of "quantitative inertia," after discussing...
Persistent link: https://www.econbiz.de/10003557342
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Monetary persistence and the labor market : a new perspective
Lechthaler, Wolfgang (contributor);  … - 2008
introduction of labor turnover costs (such as hiring and firing costs). Assuming that it is costly to hire and fire workers implies … and firing costs …
Persistent link: https://www.econbiz.de/10003719627
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Monetary persistence, imperfect competition, and staggering complementarities
Merkl, Christian; Snower, Dennis J. - 2007
This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of quantitative inertia, after discussing...
Persistent link: https://www.econbiz.de/10010277971