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 …

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 …

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 …

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price … helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a …

of the households' consumer price inflation rates or their individual rates, respectively. After a negative demand shock … higher inflation rate mitigates the immediate effects of the shock on both consumer price inflation rates more effectively …Empirical evidence suggests that considerable differentials in inflation rates exist across households. This paper …

general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a … shock to monetary policy. Moreover, allowing for variation of the labor input at the extensive margin leads to a …