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productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple …
Persistent link: https://www.econbiz.de/10011622322
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...
Persistent link: https://www.econbiz.de/10011599072
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers’ bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10011605053
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10010277123
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...
Persistent link: https://www.econbiz.de/10011506677
the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; Search and Matching ; Nominal …
Persistent link: https://www.econbiz.de/10003831761
the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; search and matching ; nominal …
Persistent link: https://www.econbiz.de/10003824877
equilibrium (DSGE) model. First, using a simplified version of the model, we show analytically that the results depend on the …-scale DSGE model using post-WWII U.S. data and Bayesian methods and, conditional on the estimates of structural parameters and … flexibility ; aggregate volatility ; systematic monetary policy ; DSGE model ; Bayesian estimation …
Persistent link: https://www.econbiz.de/10009521652
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10012650006
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10012617047