standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are … inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the …

This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone … use a New Keynesian model with unemployment to predict the effects ofdifferent labor market institutions on macroeconomic … labor market institutions have a large effect on output volatility, they donot seem to have much of an effect on inflation …

standard model is enhanced by real wage rigidities or labor turnover costs, an endogenous short-run inflation-output tradeoff … rigidities. Second, labor turnover costs are the dominant source for the inflation-output tradeoff when both rigidities are … real wage rigidities. -- Monetary policy ; real wage rigidity ; labor turnover costs ; unemployment ; tradeoff …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …