Frenkel, Michael; Stadtmann, Georg; Zimmermann, Lilli - In: International journal of management and economics 59 (2023) 1, pp. 3-12
We study the impact of several Covid-19 related supply shocks. We use a standard wage setting-price setting model of the labor market and analyze the transmission of the shocks to the natural rate of unemployment and production. In a first step, the shocks are analyzed in a general way,...