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

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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)

Cites Work

• Using simulation methods for bayesian econometric models: inference, development,and communication
• Title not available (Why is that?)
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Comparing dynamic equilibrium models to data: a Bayesian approach
• Inflation Persistence
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Optimal price setting and inflation inertia in a rational expectations model
• Analysing DSGE models with global sensitivity analysis

Cited In (7)

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

Uses Software

• Dynare

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