Search Results - subject:"search and matching"

Search and Matching Frictions and Optimal Monetary Policy

Thomas, Carlos - Centre for Economic Performance, LSE - 2006

I analyze optimal monetary policy in an economy with search and matching frictions in the labor market and staggered … CEP Discussion Paper No 743 (Revised) December 2006 Search and Matching Frictions and Optimal … search and matching frictions in the labor market and staggered nominal wage and price contracts. In this framework, as …

Persistent link: https://www.econbiz.de/10005151021

Nominal wage rigidities in a new Keynesian model with frictional unemployment

Bodart, Vincent; De Walque, Gregory; Pierrard, Olivier; … - 2006

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We …

Persistent link: https://www.econbiz.de/10011622322

Hot and Cold Seasons in the Housing Market

Ngai, Liwa Rachel; Tenreyro, Silvana - C.E.P.R. Discussion Papers - 2013

Every year housing markets in the United Kingdom and the United States experience systematic above-trend increases in both prices and transactions during the second and third quarters (the "hot season") and below-trend falls during the fourth and first quarters (the "cold season"). House price...

Persistent link: https://www.econbiz.de/10011083859

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

Does Short-Time Work Save Jobs? A Business Cycle Analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - Institut für Weltwirtschaft (IfW) - 2013

This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the institution short-time work) and the discretionary component...

Persistent link: https://www.econbiz.de/10010886965

Optimal Monetary Policy in Response to Shifts in the Beveridge Curve

Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2013

I build a dynamic stochastic general equilibrium model with search and matching frictions in the labor market and …

Persistent link: https://www.econbiz.de/10010886998

Wage rigidity and job creation

Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - In: Journal of Monetary Economics 60 (2013) 8, pp. 887-899

Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of new...

Persistent link: https://www.econbiz.de/10010868929

(Spillover) Effects of Labour Market Reforms in Germany and France

Busl, Claudia; Seymen, Atilim - WWWforEurope - 2013

In this paper we analyze the (potential) effects of labour market and fiscal policy reforms by heterogeneous European countries—Germany and France—on the domestic and foreign economy. We test the implications of the gains in matching efficiency and reduced unemployment benefits induced by...

Persistent link: https://www.econbiz.de/10010928081

Reciprocity and matching frictions

Wesselbaum, Dennis - In: International Review of Economics 60 (2013) 3, pp. 247-268

The ability of search and matching models to replicate stylized facts—such as volatilities and correlations—has been a … CitationID="CR1">1982</CitationRef>) fair wage approach into an endogenous separation search and matching model. Within a RBC …

Persistent link: https://www.econbiz.de/10010994734

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

policy instruments should interact with labor market imperfections. It is shown that wage rigidities in a search and matching …

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