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The Nash wage elasticity and its business cycle implications

Knowles, Matthew; Lupoli, Mario - 2023

Nash-bargained wages rather than actual wages, then the cyclical volatility of unemployment would decrease to less than one … seventh of what it is in the data. We compare our results to various models of rigid and flexible wages in the literature. …

Persistent link: https://www.econbiz.de/10014303151

On the cyclicality of real wages and wage differentials

Otrok, Christopher M.; Pourpourides, Panayiotis M. - In: The B.E. journal of macroeconomics 19 (2019) 1, pp. 1-18

Persistent link: https://www.econbiz.de/10011978104

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

Persistent link: https://www.econbiz.de/10012288522

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

Persistent link: https://www.econbiz.de/10012268078

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

vacancy longevity for modeling and calibration, in particular regarding match cyclicality and wages. When calibrated to the …

Persistent link: https://www.econbiz.de/10012269069

Measuring and predicting heterogeneous recessions

Çakmaklı, Cem; Paap, Richard; Dijk, Dick van - 2011

Persistent link: https://www.econbiz.de/10009720726

Monitoring multicountry macroeconomic risk

Korobilis, Dimitris; Schröder, Maximilian - 2023

We propose a multicountry quantile factor augmeneted vector autoregression (QFAVAR) to model heterogeneities both across countries and across characteristics of the distributions of macroeconomic time series. The presence of quantile factors allows for summarizing these two heterogeneities in a...

Persistent link: https://www.econbiz.de/10014314068

Rare shocks, great recessions

Cúrdia, Vasco; Del Negro, Marco; Greenwald, Daniel L. - 2012

We estimate a DSGE model where rare large shocks can occur, but replace the commonly used Gaussian assumption with a Student's t-distribution. Results from the Smets and Wouters (2007) model estimated on the usual set of macroeconomic time series over the 1964-2011 period indicate that 1) the...

Persistent link: https://www.econbiz.de/10010219714

Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?

Vasilev, Aleksandar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 91-105

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on the current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model with …

Persistent link: https://www.econbiz.de/10012242326

Are "fair" wages quantitatively important for business cycle fluctuations in Bulgaria?

Vasilev, Aleksandar - 2018

We introduce "fair" wages in a general-equilibrium model where worker's effort is unobservable and investigate whether … internalize the effect that past wages have on current effort level. We calibrate the model to Bulgarian data (1999-2016), and … quantify the effect of technological shocks on hours and wages in the theoretical setup. Overall, the calibrated model with …

Persistent link: https://www.econbiz.de/10011974105