Endogenous business cycle propagation and the persistence problem: the role of labor-market frictions

DOI10.1016/J.JEDC.2011.07.003zbMATH Open1241.91065OpenAlexW2109223252MaRDI QIDQ428015FDOQ428015

Alain Guay, Louis Phaneuf, Steve Ambler

Publication date: 18 June 2012

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.07.003

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zbMATH Keywords

business cycle propagationcostly labor adjustmentpersistence problemsticky wages

Mathematics Subject Classification ID

Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Cites Work

• Large Sample Properties of Generalized Method of Moments Estimators
• Title not available (Why is that?)
• Automatic Lag Selection in Covariance Matrix Estimation
• Production, growth and business cycles: Technical appendix
• Indirect inference and calibration of dynamic stochastic general equilibrium models
• Time to Build and Aggregate Fluctuations
• The Solution of Linear Difference Models under Rational Expectations
• Money and Interest in a Cash-in-Advance Economy
• Hours and employment variation in business cycle theory
• Monetary Non-neutrality in a Multisector Menu Cost Model

Cited In (6)

• Econometric analysis of linearized singular dynamic stochastic general equilibrium models
• A monetary business cycle model with unemployment
• What (really) accounts for the fall in hours after a technology shock?
• Labor and investment frictions in a real business cycle model
• Sticky price models of the business cycle: can the roundabout production solve the persistence puzzle?
• Supply-side policy and economic growth: a case study of the UK

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