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Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...

Persistent link: https://www.econbiz.de/10009636527

Inter-industry wage differentials in EU countries

Du Caju, Philip; Kátay, Gábor; Lamo, Ana; Nicolitsas, … - 2010

This paper documents the existence and main patterns of inter-industry wage differentials across a large number of industries for 8 EU countries (Belgium, Germany, Greece, Hungary, Ireland, Italy, Netherlands, and Spain) at two points in time (in general 1995 and 2002) and explores possible...

Persistent link: https://www.econbiz.de/10009640359

The determination of wages of newly hired employees

Galuščák, Kamil; Keeney, Mary; Nicolitsas, Daphne; … - 2010

This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers. The evidence suggests...

Persistent link: https://www.econbiz.de/10009640406

Inter-industry wage differentials: how much does rent sharing matter?

Caju, by Philip Du; Rycx, François; Tojerow, Ilan - 2009

This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...

Persistent link: https://www.econbiz.de/10009640484

Does bargaining matter in the small firm's matching model?

l’Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - 2011

's matching model of unemployment. To the best of our knowledge, this is the first attempt to implement and systematically compare … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological … viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …

Persistent link: https://www.econbiz.de/10009639478

The longer term refinancing operations of the ECB

Linzert, Tobias; Nautz, Dieter; Bindseil, Ulrich - 2004

that LTROs do neither lead to market distortions nor to unfair auction outcomes. …

Persistent link: https://www.econbiz.de/10009639413

Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

International equity flows and returns

Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Persistent link: https://www.econbiz.de/10009636533

Indeterminacy and search theory

Giammarioli, Nicola - 2003

reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is …

Persistent link: https://www.econbiz.de/10009635902

Temporary shocks and unavoidable transitions to a high-unemployment regime

Den Haan, Wouter J. - 2003

decrease it can only do so gradually because of matching frictions which in turn implies that the tax burden remains high and …

Persistent link: https://www.econbiz.de/10009635968