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Inflation dynamics with labour market matching : assessing alternative specifications
Christoffel, Kai; Costain, James; De Walque, Gregory - 2009
volatile inflation. Models with wage stickiness and right-to-manage bargaining or with firm-specific labour emerge as the most … promising candidates. -- Inflation Dynamics ; Labour Market ; Business Cycle ; Real Rigidities …
Persistent link: https://www.econbiz.de/10003866010
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2005
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … ; matching models ; labor market search ; inflation persistence ; real wage rigidity …
Persistent link: https://www.econbiz.de/10003227218
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Inflation dynamics with labour market matching : assessing alternative specifications
Christoffel, Kai; Costain, James; De Walque, Gregory; … - 2009
This paper reviews recent approaches to modelling the labour market, and assesses their implications for inflation … data and, so, too volatile inflation. Models with wage stickiness and right-to-manage bargaining, or with firm …
Persistent link: https://www.econbiz.de/10003884746
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Inflation dynamics with labour market matching : assessing alternative specifications
Christoffel, Kai (contributor) - 2009
Persistent link: https://www.econbiz.de/10003893709
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Inflation dynamics with labour market matching : assessing alternative specifications
Christoffel, Kai; Costain, James; De Walque, Gregory; … - 2009
Persistent link: https://www.econbiz.de/10003840303
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Inflation dynamics with labour market matching : assessing alternative specifications
Christoffel, Kai; Costain, James; De Walque, Gregory; … - 2009
Persistent link: https://www.econbiz.de/10003815139
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Wage rigidity and labor market dynamics with sorting
Schulz, Bastian - 2015
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707
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The high sensitivity of employment to agency costs : the relevance of wage rigidity
Hristov, Atanas - 2010
cycles. Economic Theory, 12(3):583-597]. The aim of this article is to show that financing constraints can substantially …
Persistent link: https://www.econbiz.de/10008663379
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016 - First version: April 2015. This version: February 2016
This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic productivity shocks for new contacts. Large negative...
Persistent link: https://www.econbiz.de/10011444082
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Business cycle asymmetries and the labor market
Kohlbrecher, Britta; Merkl, Christian - 2016
This paper shows that the matching function and the Beveridge curve in the United States exhibit strong nonlinearities over the business cycle. These patterns can be replicated by enhancing a search and matching model with idiosyncratic productivity shocks for new contacts. Large negative...
Persistent link: https://www.econbiz.de/10011455340