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 … inflation persistence. The closer to zero this parameter, (i) the more firms tend to adjust on the intensive margin, reducing …

period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; Search and Matching ; Nominal …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 new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; search and matching ; nominal …We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every …

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We …

. -- Unemployment ; labor market search ; job flows ; labor share ; inflation ; productivity shocks ; monetary shocks …A labor matching model with nominal rigidities can match short-run movements in labor's share with some success … 1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

inflation. In the 2000s, even larger increases in the price of oil were associated with much milder movements in output and … inflation. Using a structural VAR approach, Blanchard and Gali (2009) argued that this reflected a change in the causal relation … from the price of oil to output and inflation. They then argued that this change could be due to a combination of three …