Showing 1 - 10 of 15,922
-euro heterogeneity in wage bargaining we take this as the first-best approximation at hand for modelling monetary policy in the presence …
Persistent link: https://www.econbiz.de/10011604681
posting process, shocks to the separation rate and variations in bargaining power are important determinants of business cycle … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …
Persistent link: https://www.econbiz.de/10011605081
posting process, shocks to the separation rate and variations in bargaining power are important determinants of business cycle … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …
Persistent link: https://www.econbiz.de/10010265230
-euro heterogeneity in wage bargaining we take this as the first-best approximation at hand for modelling monetary policy in the presence …
Persistent link: https://www.econbiz.de/10010295805
the conduct of stabilization policy. -- labor market ; wage rigidity ; bargaining ; Bayesian estimation …
Persistent link: https://www.econbiz.de/10003229297
This paper develops a general equilibrium monetary model with performance incentives to study the inflation-unemployment relationship. A long-run downward-sloping Phillips curve can exist with perfectly anticipated inflation because workers' incentive to exert effort depend on financial market...
Persistent link: https://www.econbiz.de/10012711249
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...
Persistent link: https://www.econbiz.de/10013318057
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 lower the effective workers' bargaining power for wages and (iii) the more important the hourly wage in the marginal …
Persistent link: https://www.econbiz.de/10003824877
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 lower the effective workers’ bargaining power for wages and (iii) the more important the hourly wage in the marginal …
Persistent link: https://www.econbiz.de/10003831761
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 … employment volatility, (ii) the lower the effective workers' bargaining power for wages and (iii) the more important the hourly …
Persistent link: https://www.econbiz.de/10011599072