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Labor-Market heterogeneity, aggregation, and the Lucas critique

Chang, Yongsung; Kim, Sun-bin; Schorfheide, Frank - 2010

Persistent link: https://www.econbiz.de/10008747157

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are …

Persistent link: https://www.econbiz.de/10003827234

Regime shifts and the stability of backward-looking Phillips curves in open economies

Castelnuovo, Efrem - In: Journal of international money and finance 27 (2008) 1, pp. 40-53

Persistent link: https://www.econbiz.de/10003628245

Two orthogonal continents : testing a two-country DSGE model of the US and the EU using indirect inference

Le, Vo Phuong Mai; Meenagh, David; Meenagh, David; … - 2009

We examine a two country model of the EU and the US. Each has a small sector of the labour and product markets in which there is wage/price rigidity, but otherwise enjoys flexible wages and prices with a one quarter information lag. Using a VAR to represent the data, we find the model as a whole...