Monetary persistence and the labor market: A new perspective

In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business cycle....

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Bibliographic details
Volume: 34
Main Author: Lechthaler, Wolfgang
Merkl, Christian
Snower, Dennis J
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2010
ELSEVIER
Elsevier
published in: Journal of economic dynamics & control Vol. 34; no. 5; pp. 968 - 983
Data of publication: 2010
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Statistics
Series: Journal of Economic Dynamics and Control
Subjects:
E52
E32
E24
J23
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index - 2010
Web of Science
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RePEc IDEAS
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Academic OneFile (A&I only)
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