period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence …We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every …) the lower the effective workers’ bargaining power for wages and (iii) the more important the hourly wage in the marginal …

period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence …We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every …) the lower the effective workers' bargaining power for wages and (iii) the more important the hourly wage in the marginal …

This paper introduces staggered right-to-manage wage bargaining into a New Keynesian business cycle model. Our key …

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

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

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 …

model to identify four structural innovations: aggregate demand, labour supply, wage bargaining, and productivity; (iii … share responded mainly to productivity, aggregate demand, and wage bargaining shocks during the immediate post-war era …; whereas wage bargaining, productivity, and aggregate demand shocks mattered most during the Great Moderation. Second, these …