Search Results - subject:"Search and matching"

Endogenous Labor Force Participation and Firing Costs

Moon, Weh-Sol - Volkswirtschaftliche Fakultät, … - 2009

I construct a matching model to explain the labor market transition between employment, unemployment and nonparticipation, and evaluate the quantitative effects of firing costs. The model has several features that are distinguished from previous studies: endogenous labor force participation,...

Persistent link: https://www.econbiz.de/10005055491

Interactions between Labor Market Reforms and Monetary Policy under Slowly Changing Habits

Ribeiro, Ana Paula - Faculdade de Economia, Universidade do Porto - 2009

Although central banks often advocate labor market reforms, the latter may lead to higher stabilization costs in the presence of habit persistence in consumption. This is more likely to occur when strong habit persistence is coupled with an inflation-averse central bank. The presence of habit...

Persistent link: https://www.econbiz.de/10005059583

Sequential bargaining in a New Keynesian model with frictional unemployment and staggered wage negotiation

Walque, Gregory de; Pierrard, Olivier; Sneessens, Henri; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2009

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...

Persistent link: https://www.econbiz.de/10005033331

The Unemployment Volatility Puzzle: The Role of Matching Costs Revisited

Silva, José Ignacio; Toledo, Manuel - Volkswirtschaftliche Fakultät, … - 2009

Recently, Pissarides (2008) has argued that the standard search model with sunk fixed matching costs increases unemployment volatility without introducing an unrealistic wage response in new matches. We revise the role of matching costs and show that when these costs are not sunk and, therefore,...

Persistent link: https://www.econbiz.de/10008490551

Bargaining Frictions, Labor Income Taxation, and Economic Performance

Auray, Stéphane; Danthine, Samuel - Département d'économique, Faculté d'administration - 2009

This paper is an attempt to explain differences in economic performance between a subset of OECD countries. We classify countries in terms of their degree of rigidity in the labor market, and use a matching model with labor/leisure choice, bargaining frictions, and labor income taxation to...

Persistent link: https://www.econbiz.de/10008496436

Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation

De Walque, Gregory; Pierrard, Olivier; Sneessens, Henri; … - Institute for the Study of Labor (IZA) - 2009

, J64 Keywords: DSGE, search and matching, nominal wage rigidity, monetary policy Corresponding author: Henri … rigidity. These two issues are key when monetary policy faces complicated trade-o� decisions. Search and matching models, on …�ation persistence, while at the same time the search and matching frictions can produce realistic labor market outcomes. This research …

Persistent link: https://www.econbiz.de/10005703208

Hot and Cold Seasons in the Housing Market

Ngai, L. Rachel; Tenreyro, Silvana - Centre for Economic Performance, LSE - 2009

prices and transactions fall below trend. We propose a search-and-matching framework that sheds new light on the mechanisms … first quarters (the “cold season”), house prices and transactions fall below trend. We propose a search-and-matching … fluctuations in transactions and prices observed in the UK and the US. Keywords: housing market, thick-market eﬀects, search-and-matching …

Persistent link: https://www.econbiz.de/10005256477

Optimal Monetary Policy and Downward Nominal Wage Rigidity in Frictional Labor Markets.

Abo-Zaid, Salem - Volkswirtschaftliche Fakultät, … - 2009

monetary policy in a labor search and matching framework under the presence of Downward Nominal Wage Rigidity (DNWR). The study …

Persistent link: https://www.econbiz.de/10008565428

Search frictions, real wage rigidities and theoptimal design of unemployment insurance: a study in a DSGE framework

Albertini, Julien; Fairise, Xavier - Centre d'Études des Politiques Économiques (EPEE), … - 2009

In this paper, we feature the optimal unemployment benefits financing scheme when the economy is subject to labor market failures characterized by search frictions and wages rigidity. We show how policy instruments should interact with labor market imperfections. The US unemployment insurance...

Persistent link: https://www.econbiz.de/10010635714

Sequential bargaining in a new-Keynesian model with frictional unemployment and staggered wage negotiation

de Walque, Gregory; Pierrard, Olivier; Sneessens, Henri; … - 2009

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers’ bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...

Persistent link: https://www.econbiz.de/10011605053