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The inflation-output tradeoff: which type of labor market rigidity is to be blamed?

Merkl, Christian - 2009

In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...

Persistent link: https://www.econbiz.de/10010277953

Macroeconomic volatilities and the labor market: First results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

Persistent link: https://www.econbiz.de/10010277963

East German unemployment: the myth of the irrelevant labor market

Merkl, Christian; Snower, Dennis J. - 2008

This paper indicates that East Germany's unemployment originates primarily in the labor market, caused by the fast wage …

Persistent link: https://www.econbiz.de/10010277978

The caring hand that cripples: The East Germany labour market after reunification

Snower, Dennis J.; Merkl, Christian - 2006

, and unemployment arising from the decline of the tradeable sector. …

Persistent link: https://www.econbiz.de/10010332738

Macroeconomic volatilities and the labor market: first results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2009

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

Persistent link: https://www.econbiz.de/10010277954

Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí

Ascari, Guido; Merkl, Christian - 2007

This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike Blanchard and Galí (2007) who carried out a similar analysis in a linearized framework, we take non- linearities into account. We show that the results change dramatically,...

Persistent link: https://www.econbiz.de/10010277967

Einstellungsgutscheine: Konkrete Ausgestaltung für Deutschland

Boss, Alfred; Brown, Alessio J. G.; Merkl, Christian; … - 2007

Gutscheine soll mit der Dauer der Arbeitslosigkeit steigen sowie mit der Qualifikation und der anschließenden Beschäftigungsdauer … in Abhängigkeit vom neuen Lohn, der Dauer der Arbeitslosigkeit und der Beschäftigungsdauer berechnet werden kann. … of time. The size of the vouchers increases with the duration of unemployment as well as with the qualification and …

Persistent link: https://www.econbiz.de/10010277968

Real wage rigidities and the cost of disinflations

Ascari, Guido; Merkl, Christian - 2007

This paper analyzes the cost of disinflations under real wage rigidities in a micro-founded New Keynesian model. The consensus is that real wage rigidities can be a useful mechanism to induce the inflation persistence that is absent in the standard Calvo model. Real wage rigidities thus generate...

Persistent link: https://www.econbiz.de/10010277969

The caring hand that cripples: The East German labor market after reunification (detailed version)

Snower, Dennis J.; Merkl, Christian - 2006

underutilization, and unemployment arising from the decline of the tradable sector. …

Persistent link: https://www.econbiz.de/10010277974

The caring hand that cripples: The East German labor market after reunification (detailed version)

Snower, Dennis J.; Merkl, Christian - 2006

underutilization, and unemployment arising from the decline of the tradeable sector. …

Persistent link: https://www.econbiz.de/10010277976