English, Article, Journal or magazine article edition: Nominal wage rigidities in a new Keynesian model with frictional unemployment Vincent Bodart; Gregory De Walque; Olivier Pierrard; ...

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Bookmark: http://trove.nla.gov.au/version/17970
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment
Author
  • Vincent Bodart
  • Gregory De Walque
  • Olivier Pierrard
  • Henri R. Sneessens
  • Raf Wouters
Physical Description
  • preprint
Notes
  • RePEc:nbb:reswpp:200610-9
  • In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple shocks. The model generates realistic statistics for the important labor market variables.
  • DSGE, search and matching, nominal wage rigidity, monetary policy
  • RePEc:iza:izadps:dp2528
Language
  • English
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