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Inflation Dynamics with Labour Market Matching : Assessing Alternative Specifications

Christoffel, Kai Philipp - 2019

This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behavior. In a search and matching environment, we consider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10012705957

Wage, Inflation and Employment Dynamics with Labour Market Matching

Christoffel, Kai Philipp; Costain, James S.; de Walque, … - 2009

In a search and matching environment, this paper assesses a range of modeling setups against macro evidence for the monetary transmission mechanism in the euro area. In particular, we assess right-to-manage vs. efficient bargaining, flexible vs. sticky wages, interactions at the firm level...

Persistent link: https://www.econbiz.de/10014204635

Labour Markets and Firm-Specific Capital in New Keynesian General Equilibrium Models

Nolan, Charles; Thoenissen, Christoph - 2005

This paper examines the consequences of introducing firm specific capital into a selection of commonly used sticky price business cycle models. We find that modelling firm-specific capital markets greatly reduces the response of inflation to changes in average real marginal cost. Calibrated to...

Persistent link: https://www.econbiz.de/10014065077

Inflation Dynamics with Labour Market Matching : Assessing Alternative Specifications

Christoffel, Kai Philipp; Costain, James S.; de Walque, … - 2010

This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we consider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10014208182

Technology shocks and the labour-input response : evidence from firm-level data

Carlsson, Mikael (contributor); Smedsaas, Jon (contributor) - 2006

We study the relationship between technology shocks and labor input on Swedish firm-level data using a production … function approach to identify technology shocks. Taking standard steps yields a contractionary contemporaneous labor …-level rigidities. -- Technology Shocks ; Labor Input ; Business Fluctuations ; Micro Data …

Persistent link: https://www.econbiz.de/10003325476

Business cycle effects of credit and technology shocks in a DSGE model with firm defaults

Pesaran, M. Hashem; Xu, TengTeng - 2011

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new …

Persistent link: https://www.econbiz.de/10009312180

Business cycle effects of credit and technology shocks in a DSGE model with firm defaults

Pesaran, M. Hashem; Xu, TengTeng - 2011

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possible leading to default by some firms. The paper advances a new …