, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …

degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …

. -- Unemployment ; labor market search ; job flows ; labor share ; inflation ; productivity shocks ; monetary shocks …A labor matching model with nominal rigidities can match short-run movements in labor's share with some success … 1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …

We document empirical regularities of disaggregated inflation and consumption and study whether multisectoral New … Keynesian models can explain them. We focus on higher moments of the inflation and consumption growth distributions as well as … on the contemporaneous comovement of these two variables. We find that the sectoral distributions of inflation and …