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

DOI10.1016/j.jedc.2010.03.001zbMath1230.91112MaRDI QIDQ975900

Marianna Riggi, Massimiliano Tancioni

Publication date: 11 June 2010

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2010.03.001

zbMATH Keywords

Bayesian inference; labor market frictions; technology shocks; New-Keynesian model; wage rigidities

Mathematics Subject Classification ID

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

91B51: Dynamic stochastic general equilibrium theory

Related Items

Calvo vs. Rotemberg in a trend inflation world: an empirical investigation, Performance pay and changes in U.S. labor market dynamics, Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach

Uses Software

• Dynare

Cites Work

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• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Inflation Persistence