En el trabajo se presenta evidencia sobre la existencia de una cierte heterogeneidad en el ajuste y persistencia de la respuesta de la inflacion entre los principales paises del area del euro. Para ello, los autores estiman Nuevas Curvas de Phillips, en las que para cuatro paises domina el...

This paper introduces a labor force participation choice into a labor marketmatching model embedded in a dynamic stochastic general equilibrium set-upwith production and savings. The participation choice is modelled as a tradeoffbetween forgoing the expected benefits of being search active and...

A relation between inflation and the path of average marginal cost (often measured by unit labor cost) implied by the Calvo (1983) model of staggered pricing – sometimes referred to as the "New Keynesian" Phillips curve – has been the subject of extensive econometric estimation and testing....