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Equilibrium unemployment, job flows, and inflation dynamics

Trigari, Antonella - In: Journal of money, credit and banking : JMCB 41 (2009) 1, pp. 1-33

Persistent link: https://www.econbiz.de/10003807580

Equilibrium Unemployment, Job Flows and Inflation Dynamics

Trigari, Antonella - 2021

In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a … significantly lower elasticity of marginal costs with respect to output. This helps to explain the sluggishness of inflation and the … inflation relies on its ability to explain the dynamics of the labor market …

Persistent link: https://www.econbiz.de/10013319481

Unemployment fluctuation with staggered Nash wage bargaining

Gertler, Mark; Trigari, Antonella - 2006

A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework...

Persistent link: https://www.econbiz.de/10010298358

Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...

Persistent link: https://www.econbiz.de/10013098495