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Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí
Ascari, Guido; Merkl, Christian - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike … adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. …
Persistent link: https://www.econbiz.de/10010325610
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Real Wage Rigidities and the Cost of Disinflations
Ascari, Guido; Merkl, Christian - Institut für Weltwirtschaft (IfW) - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike … adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. …
Persistent link: https://www.econbiz.de/10005566188
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Regional Labor Markets, Network Externalities and Migration: The Case of German Reunification
Uhlig, Harald - Institut für Weltwirtschaft (IfW) - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike … adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. …
Persistent link: https://www.econbiz.de/10005566208
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Credible disinflation and delayed slumps under real wage rigidity
Tesfaselassie, Mewael F. - 2014
The paper studies the effects of credible disinflation in the presence of real wage rigidity, comparing the Calvo and …, gradual disinflation is shown to lead to a delayed slump in output along the transition path. The delayed-slump result is …
Persistent link: https://www.econbiz.de/10010357934
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Real Wage Rigidities and Disinflation Dynamics: Calvo vs. Rotemberg Pricing
Ascari, Guido; Rossi, Lorenza - 2010
Calvo pricing implies output gains, while Rotemberg pricing implies output losses after a disinflation. Introducing …
Persistent link: https://www.econbiz.de/10010343894
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Real wage rigidities and the cost of disinflations
Ascari, Guido; Merkl, Christian - 2007
inflation target of the monetary policy. -- Disinflation ; sticky prices ; real wage rigidities ; nonlinearities …
Persistent link: https://www.econbiz.de/10010277969
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Nominal and Real Wage Rigidities in New Keynesian Models : A Critical Survey
Riggi, Marianna - 2009
The labor market is receiving increasing attention in the New Keynesian literature. In this paper I critically survey this literature in order to highlight the role played by wage rigidities in the explanation of fluctuations caused by technology shocks. To this aim, I present a DSGE model with...
Persistent link: https://www.econbiz.de/10012764288
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Nominal and Real Wage Rigidities in New Keynesian Models : A Critical Survey
Riggi, Marianna - 2010
The labor market is receiving increasing attention in the New Keynesian literature. In this paper I critically survey this literature in order to highlight the role played by wage rigidities in the explanation of fluctuations caused by technology shocks. To this aim, I present a DSGE model with...
Persistent link: https://www.econbiz.de/10014219545
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Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne : eine Untersuchung für den deutschen Arbeitsmarkt
Bläs, Barno - 2008
Dieser Beitrag analysiert die Existenz, das Ausmaß sowie die realwirtschaftlichen Implikationen nach unten starrer Nominallöhne in Deutschland. Unter Verwendung von drei alternativen Modellvarianten für die proportionale Abwärtsnominallohnstarrheit wird auf Grundlage der...
Persistent link: https://www.econbiz.de/10009746167
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2016
Persistent link: https://www.econbiz.de/10012991192