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In this paper, we undertake empirical analysis to understand U.S. wage behavior since thebeginning of the new …. The modelreveals that the upward pressure on wage growth from recent tightening in the labormarket has been dampened by a … appear to play a role illustrating why it is difficult to single out any oneculprit for the observed wage growth moderation …
Persistent link: https://www.econbiz.de/10012913885
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10012798170
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308104
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308254
attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations … the employment of less attached workers when the central bank follows an average inflation targeting rule and when the …
Persistent link: https://www.econbiz.de/10013308255
Persistent link: https://www.econbiz.de/10011574006
Persistent link: https://www.econbiz.de/10013471144
We embed an extension of the canonical epidemiology model in a New Keynesian model with uninsurable income risk. In our framework, two factors contribute to making consumption less sensitive to real interest rate changes in a pandemic. First, individuals are less willing to take advantage of...
Persistent link: https://www.econbiz.de/10012822469
Persistent link: https://www.econbiz.de/10002772687
We use high-frequency administrative data from Germany to study the effects of monetary policy on income and employment … shocks. This unequal incidence is driven by differences in the response of employment risk across the distribution: job loss …
Persistent link: https://www.econbiz.de/10013402011