Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24847 
more recent Version: 
Year of Publication: 
2008
Series/Report no.: 
Kiel Working Paper No. 1453
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence.
Subjects: 
monetary persistence
labor adjustment costs
JEL: 
E24
E32
E52
J23
Document Type: 
Working Paper

Files in This Item:
File
Size
246.36 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.