Christoffel, Kai Philipp; Costain, James S.; de Walque, … - 2009
vs. sticky wages, interactions at the firm level between price and wage-setting, alternative forms of hiring frictions …, search on-the-job and endogenous job separation. Models with wage stickiness and right-to-manage bargaining or with firm …-specific labour imply a sufficient degree of real rigidity, and so can reproduce inflation dynamics well. However, they imply too …