Search Results - subject:"Search and matching frictions"

Does intra-firm bargaining matter for business cycle dynamics?

Krause, Michael; Lubik, Thomas A. - 2007

We analyse the implications of intra-firm bargaining for business cycle dynamics in models with large firms and search frictions. Intra-firm bargaining implies a feedback effect from the marginal revenue product to wage setting which leads firms to over-hire in order to reduce workers'...

Persistent link: https://www.econbiz.de/10010295854

Does intra-firm bargaining matter for business cycle dynamics?

Krause, Michael; Lubik, Thomas A. - Deutsche Bundesbank - 2007

Persistent link: https://www.econbiz.de/10005083080

Spending-based austerity measures and their effects on output and unemployment

Bermperoglu, Dimitrios; Pappa, Evi; Vella, Eugenia - C.E.P.R. Discussion Papers - 2013

We compare the output and unemployment effects of fiscal adjustments in different types of government outlays in the US, Canada, Japan, and the UK. We identify shocks in government consumption, investment, vacancies and government wages in a SVAR using sign restrictions extracted from a...

Persistent link: https://www.econbiz.de/10011084631

Search frictions, real wage rigidities and the optimal design of unemployment insurance

Albertini, Julien; Fairise, Xavier - In: Journal of Economic Dynamics and Control 37 (2013) 9, pp. 1796-1813

In this paper, we study the optimal unemployment benefits financing scheme when the economy is subject to labor market imperfections characterized by real wage rigidities and search frictions. The US unemployment insurance financing is such that firms are taxed proportionately to their layoffs...

Persistent link: https://www.econbiz.de/10010679084

Search frictions, real wage rigidities and the optimal design of unemployment insurance

Albertini, Julien; Fairise, Xavier - In: Journal of economic dynamics & control 37 (2013) 9, pp. 1796-1813

Persistent link: https://www.econbiz.de/10009786072

Learning about monetary policy rules when labor market search and matching frictions matter

Kurozumi, Takushi; Van Zandweghe, Willem - In: Journal of Economic Dynamics and Control 36 (2012) 4, pp. 523-535

This paper examines the implications of labor market search and matching frictions for determinacy and E-stability of … unique E-stable fundamental REE as long as the Taylor principle is satisfied. Therefore, the presence of search and matching … frictions changes the determinacy properties of a strictly inflation-forecast targeting policy, and alters its E …

Persistent link: https://www.econbiz.de/10010574010

Learning about monetary policy rules when labor market search and matching frictions matter

Kurozumi, Takushi; Van Zandweghe, Willem - In: Journal of economic dynamics & control 36 (2012) 4, pp. 523-535

Persistent link: https://www.econbiz.de/10009554341

CBDC and the operational framework of monetary policy

Abad, Jorge; Nuño, Galo; Thomas, Carlos

En este trabajo analizamos el impacto de la introducción de una moneda digital emitida por el banco central (CBDC, por sus siglas en inglés) sobre el marco operativo de la política monetaria y la macroeconomía en su conjunto. Para ello, desarrollamos un modelo neokeynesiano con bancos...

Persistent link: https://www.econbiz.de/10014573558

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