Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation

DOI10.1016/J.JEDC.2010.03.001zbMATH Open1230.91112OpenAlexW3123552699MaRDI QIDQ975900FDOQ975900

Authors Marianna Riggi, Massimiliano Tancioni

Publication date 11 June 2010

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.2010.03.001

zbMATH Keywords

Bayesian inferencelabor market frictionstechnology shocksNew-Keynesian modelwage rigidities

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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Cites work

• scientific article; zbMATH DE number 3189754 (Why is no real title available?)
• Analysing DSGE models with global sensitivity analysis
• Comparing dynamic equilibrium models to data: a Bayesian approach
• Inflation Persistence
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Optimal price setting and inflation inertia in a rational expectations model
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Using simulation methods for bayesian econometric models: inference, development,and communication

Cited in

(7)

• The New Keynesian Phillips curve and staggered price and wage determination in a model with firm-specific labor
• Interacting nominal and real labour market rigidities
• Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach
• Nominal and real wage rigidity in a friction model
• Estimation uncertainty in structural inflation models with real wage rigidities
• Calvo vs. Rotemberg in a trend inflation world: an empirical investigation
• Performance pay and changes in U.S. labor market dynamics

Describes a project that uses

Uses Software

• Dynare

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