Similar Search Results

Inefficient Unemployment and Bargaining Friction

Yuen, C. Y. Kelvin - 2019

This paper explores the possibility of privately inefficient job separations due to bargaining friction and its … implications for the unemployment dynamics. I propose a simple specification of bargaining friction by including bargaining wedges … in the standard Nash bargaining model. Such bargaining wedge arises when, for example, wages are determined by …

Persistent link: https://www.econbiz.de/10012893924

Pautas cíclicas de la economía andaluza en el período 1984-2001: un análisis comparado

Pérez, Javier J.; López, Jesús Rodríguez; Leal, Teresa - Centro de Estudios Andaluces, Government of Andalusia - 2002

In this paper we characterize some cyclical patterns for the Andalusian economy, for the period 1984-2001. Our work is basically an empirical one. Our results show that the Andalusian economy is more volatile than Spain as a whole, although there exist an important degree of coherence between...

Persistent link: https://www.econbiz.de/10005157570

Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies

Pace, Federico di; Faccini, Renato - 2010

cycles ; labour market fluctuations ; search and matching ; wage bargaining …

Persistent link: https://www.econbiz.de/10003969378

Unemployment crises

Petrosky-Nadeau, Nicolas; Zhang, Lu - 2014 - Last rev.: July 16, 2014

potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to …

Persistent link: https://www.econbiz.de/10010411443

Search and matching frictions and business cycle fluctuations in Bulgaria

Vasilev, Aleksandar - 2016

In this paper we investigate the quantitative importance of search and matching fric- tions in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with both a two-sided costly search and fiscal policy. This introduces a...

Persistent link: https://www.econbiz.de/10011498689

Instability of Capitalism Inflation, Unemployment, and Business Cycles

Mouhammed, Adil - 2013

This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation, unemployment, and business cycles. Great economists such as Marx, Veblen, and Schumpeter have examined this problem, concluding that capitalist instability will transform...

Persistent link: https://www.econbiz.de/10013081321

Unemployment Crises

Petrosky-Nadeau, Nicolas - 2020

An equilibrium search model with credible bargaining, when calibrated to the mean and volatility of postwar …

Persistent link: https://www.econbiz.de/10012843442

Heterogeneity in Staggered Wage Bargaining and Unemployment Volatility Puzzle

Kara, Engin - 2017

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler and Trigari (2009) show this weakness of the model disappears when wage stickiness is introduced to the model. Pissarides (2009) disagrees with this modification, arguing that...

Persistent link: https://www.econbiz.de/10012951773

Credible Wage Bargaining and the Joint Dynamics of Unemployment and Inflation

Clerc, Pierrick - 2015

hours per worker. In this paper, real wage stickiness stems from wage bargaining with credible threat points, that we embed … credible bargaining induces strategic complementarities between firms …

Persistent link: https://www.econbiz.de/10013016813

Unemployment and Business Cycles

Christiano, Lawrence J. - 2014

We develop and estimate a general equilibrium model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, wages are not subject to exogenous nominal rigidities. Instead we derive wage...

Persistent link: https://www.econbiz.de/10013061907

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