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Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt - 2022

We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the role of worker flows in inflation dynamics and monetary policy. Motivated by our empirical finding that the historical negative correlation between the...

Persistent link: https://www.econbiz.de/10013403004

Labor market shocks and monetary policy

Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt - 2023 - Last updated: October 5, 2023

We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to quantitatively study the positive and normative implications of employer-to-employer (EE) transitions for inflation. We find that EE dynamics played an important role in shaping the...

Persistent link: https://www.econbiz.de/10014456659

Economic fluctuations in a labor market with heterogeneous agents

Khalifa, Sherif - 2006

Persistent link: https://www.econbiz.de/10009261385

Macroeconomic shocks and racial labour market differences in the U.S.

De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

Persistent link: https://www.econbiz.de/10012157899

Expectations, monetary policy, and labor markets : lessons from the Great Depression

Reicher, Christopher Phillip - 2009

This paper estimates a series of shocks to hit the US economy during the Great Depression, using a New Keynesian model with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the cyclical behavior of employment, while an increase in...

Persistent link: https://www.econbiz.de/10003872040

The Effects of Monetary Policy Shocks in Credit and Labor Markets with Search and Matching Frictions

Giuli, Francesco - 2012

a monetary shock …

Persistent link: https://www.econbiz.de/10013115220

Monetary Policy Shocks and Skill Differences in the U.S. Labor Market

Chaudhuri, Pritha - 2020

look at the effect of a contractionary monetary policy shock on unemployment rates of high and low-skill workers, finding …

Persistent link: https://www.econbiz.de/10012842815

Monetary policy transmission and the labour market in the non‑eurozone Visegrad Group Countries in 2000-2014 : evidence from a SVAR Analysis

Włodarczyk, Przemysław - In: Comparative economic research : Central and Eastern Europe 20 (2017) 4, pp. 23-43

This paper is aimed at filling the gap in existing economic research by delivering new evidence on the money‑labour nexus in the emerging markets of the non‑eurozone Visegrad group countries (i.e. Czech Republic, Hungary and Poland). Analyses are based on the Strucutral VAR (SVAR) models of...

Persistent link: https://www.econbiz.de/10011877095

The Effects of Macroeconomic Policy Shocks on the UK Labour Market

Tagkalakis, Athanasios - 2005

policy shock are in line with economic theory and previous empirical evidence. The adjustment of labour input is primarily … shock. Over the more recent period this result is overturned with bigger and faster response in average hours two quarters … after the shock. We interpret this result as being suggestive of labour market reforms during the 1980s having reduced the …

Persistent link: https://www.econbiz.de/10014065323

Assessing labour market slack for monetary policy

Ens, Erik; Savoie-Chabot, Laurence; See, Kurt; Wee, Shu Lin - 2021

evaluate the level of disagreement between various labour market measures. Our exercise reveals that the COVID-19 shock has …

Persistent link: https://www.econbiz.de/10012695080

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