Monetary persistence and the labor market: a new perspective

DOI10.1016/J.JEDC.2010.01.004MaRDI QIDQ964567zbMATHOpenAlexFDO

Authors Wolfgang Lechthaler, Christian Merkl, Dennis J. Snower

Publication date 22 April 2010

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

Full work available at URL https://www.cesifo.org/DocDL/cesifo1_wp2935.pdf

zbMATH Keywords

labor marketbusiness cycle dynamicshiring and firing costsmonetary persistence

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A note on inflation persistence in a fair wage model of the business cycle
• Business cycles, unemployment insurance, and the calibration of matching models
• Firing Costs and Labour Demand: How Bad is Eurosclerosis?
• MONETARY PERSISTENCE, IMPERFECT COMPETITION, AND STAGGERING COMPLEMENTARITIES
• Monetary persistence and the labor market: a new perspective
• Optimal monetary policy rules with labor market frictions
• The Phillips and Beveridge curves revisited
• Unemployment and the business cycle in a small open economy

Cited in

(22)

• Optimal fiscal policy with labor selection
• Limited participation, labor market search and liquidity effects
• On-the-job search, sticky prices, and persistence
• QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY
• A note on labor share, price markup and monetary policy
• Output persistence from monetary shocks with staggered prices or wages under a Taylor rule
• Hartz IV and the decline of German unemployment: a macroeconomic evaluation
• Endogenous business cycle propagation and the persistence problem: the role of labor-market frictions
• Monetary persistence and the labor market: a new perspective
• Permanent effects of monetary policy in a dynamic menu cost model
• The heterogeneous impact of monetary policy on the US labor market
• THE EFFECTS OF LABOUR MARKET FLEXIBILITY IN THE MONETARY THEORY OF PRODUCTION
• Introducing financial frictions and unemployment into a small open economy model
• The Phillips and Beveridge curves revisited
• LIQUIDITY, MONETARY POLICY, AND UNEMPLOYMENT: A NEW MONETARIST APPROACH
• MONETARY PERSISTENCE, IMPERFECT COMPETITION, AND STAGGERING COMPLEMENTARITIES
• Fiscal stimulus and labor market policies in Europe
• Investment, matching and persistence in a modified cash-in-advance economy
• Revisiting the matching function
• Labor contracts and the role of monetary policy in an overlapping generations model
• Efficiency and labor market dynamics in a model of labor selection
• A non-Walrasian labor market in a monetary model of the business cycle

Describes a project that uses

Uses Software

• Dynare

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