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

de Walque, Gregory; Pierrard, Olivier; Sneessens, Henri R. - 2009

period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence … cost determination. This set-up produces realistic labor market statistics together with inflation persistence …

Persistent link: https://www.econbiz.de/10010277123

Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment

Bodart, Vincent; Walque, Gregory De; Pierrard, Olivier; … - Institute for the Study of Labor (IZA) - 2006

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified...

Persistent link: https://www.econbiz.de/10005703177

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

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

Labor Search and Matching in Macroeconomics

Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment determined as equilibrium phenomena? What...

Persistent link: https://www.econbiz.de/10005822179

The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics

Christoffel, Kai; Linzert, Tobias - 2005

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

Persistent link: https://www.econbiz.de/10010267287

Asymmetric labor market institutions in the EMU and the volatility of inflation and unemployment differentials

Abbritti, Mirko; Mueller, Andreas I. - 2012

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

Persistent link: https://www.econbiz.de/10010282566

Minimum Wage Increases and Vacancies

Kudlyak, Marianna; Tasci, Murat; Tüzemen, Didem - 2022

Using a unique data set and a novel identification strategy, we estimate the effect of minimum wage increases on job vacancy postings. Utilizing occupation-specific county- level vacancy data from the Conference Board's Help Wanted Online for 2005-2018, we find that state-level minimum wage...

Persistent link: https://www.econbiz.de/10013351793

Uncertainty Shocks and Unemployment Dynamics

Kandoussi, Malak; Langot, François - 2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012270116

The Lockdown Impact on Unemployment for Heterogeneous Workers

Kandoussi, Malak; Langot, François - 2020

We develop a multi-sectoral matching model to predict the impact of the lockdown on the US unemployment, considering the heterogeneity of workers to account for the contrasted impacts across various types of jobs. We show that separations and business closures that hit the workers with the first...

Persistent link: https://www.econbiz.de/10012270117

Federal Unemployment Reinsurance and Local Labor-Market Policies

Ignaszak, Marek; Jung, Philip; Kuester, Keith - 2020

Consider a union of atomistic member states, each faced with idiosyncratic business-cycle shocks. Private cross-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor-market policies, giving rise to a trade-off between...

Persistent link: https://www.econbiz.de/10012497787