In this paper we incorporate a labor market with matching frictions and wage …

persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …

persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to …In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the … interest rate bound, interest rates and monetary aggregates provided a misleading indicator as to the true stance of inflation …

Inflation can "grease" the wheels of the labor market by relaxing downward wage rigidity but it can also increase … uncertainty and have a negative "sand" effect. This paper studies the grease effect of inflation by looking at whether the … interaction between inflation and labor market regulations affects how employment responds to changes in output. The results show …