posting process, shocks to the separation rate and variations in bargaining power are important determinants of business cycle … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation … important for monetary policy. -- Labor Market ; wage rigidity ; bargaining ; Bayesian estimation …

posting process, shocks to the separation rate and variations in bargaining power are important determinants of business cycle … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation … important for monetary policy. -- Labor Market ; wage rigidity ; bargaining ; Bayesian estimation …

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 lower the effective workers' bargaining power for wages and (iii) the more important the hourly wage in the marginal …

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 lower the effective workers’ bargaining power for wages and (iii) the more important the hourly wage in the marginal …

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 … employment volatility, (ii) the lower the effective workers' bargaining power for wages and (iii) the more important the hourly …