Ushakov, Nikolay - National Research University Higher School of Economics - 2013
Higher wage flexibility of new hires is introduced as an extension of the baseline model in Gali (2010), combining the … flexibility of new hires has an implication forcrucial labor market decisions made by households and firms,as well as on the form … monetary policy in the presence of higher wage flexibility of new hires is characterized by a higher incentive to make …