Birinci, Serdar; Karahan, Fatih; Mercan, Yusuf; See, Kurt - 2023 - Last updated: October 5, 2023
dynamics played an important role in shaping the differential inflation dynamics observed during the Great Recession and COVID …We develop a heterogeneous-agent New Keynesian model featuring a frictional labor market with on-the-job search to … quantitatively study the positive and normative implications of employer-to-employer (EE) transitions for inflation. We find that EE …