Showing 71 - 80 of 245
Persistent link: https://www.econbiz.de/10013553905
The inclusion of labor market frictions in the new Keynesian DSGE model overcomes the main drawbacks of the baseline framework. In this paper we show that this extended model, by assuming real wage rigidities, does not replicate the correct wage dynamics and the negative conditional correlation...
Persistent link: https://www.econbiz.de/10013143142
The theoretical literature on business cycles predicts positive factor inputs responses to productivity shocks. In this work we argue that, once conditional correlations are taken into account, hours worked and investment decline temporarily following a positive technology shock. First, we...
Persistent link: https://www.econbiz.de/10013157403
Persistent link: https://www.econbiz.de/10008659486
Persistent link: https://www.econbiz.de/10009379600
Persistent link: https://www.econbiz.de/10009782787
Persistent link: https://www.econbiz.de/10009618901
Persistent link: https://www.econbiz.de/10009422350
Persistent link: https://www.econbiz.de/10003805374
Persistent link: https://www.econbiz.de/10003771016