A Monetary Model of Business Cycle with Search on the Labor Market.

This paper studies the cyclical labor market properties of a model which can account for the Phillips and Beveridge curves. Monopolistic competition and sticky prices on the good market are introduced in a labor market search model disturbed both by technological and money supply shocks. We explain the specific propagation mechanisms on the labor market related to money supply shocks and show that they are quantitatively relevant.

MoreLess

Year of publication:	1998
Authors:	Cheron, A. ; Langot, F.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	UNEMPLOYMENT \| BUSINESS CYCLES \| PRICES

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	E24 - Employment; Unemployment; Wages ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005478355