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In this paper we incorporate a labor market with matching frictions and wage …
Persistent link: https://www.econbiz.de/10012991192
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business …
Persistent link: https://www.econbiz.de/10012783591
dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we …
Persistent link: https://www.econbiz.de/10011598650
.ation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we …
Persistent link: https://www.econbiz.de/10003866010
dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we …
Persistent link: https://www.econbiz.de/10014208182
dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we …
Persistent link: https://www.econbiz.de/10012705957
dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we …
Persistent link: https://www.econbiz.de/10013137703
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …
Persistent link: https://www.econbiz.de/10003227218
-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties … market. Additionally, endogenous matching sets fluctuate in response to shocks and amplify job-creation. Using a standard …, the firms' matching sets are wider in equilibrium than the workers' matching sets and fluctuate more in response to shocks. …
Persistent link: https://www.econbiz.de/10011280707
This paper studies a labor market with directed search, where multi-worker firms follow a firm wage policy: They pay equally productive workers the same. The policy reduces wages, due to the influence of firms’ existing workers on their wage setting problem, increasing the profitability...
Persistent link: https://www.econbiz.de/10011971300