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

DOI10.1016/j.jedc.2011.07.003zbMath1241.91065MaRDI QIDQ428015

Alain Guay, Louis Phaneuf, Steve Ambler

Publication date: 18 June 2012

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

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

zbMATH Keywords

business cycle propagation; costly labor adjustment; persistence problem; sticky wages

Mathematics Subject Classification ID

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

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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?, Supply-side policy and economic growth: a case study of the UK

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