|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30747
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lechthaler, Wolfgang | | en_US |
| dc.contributor.author | | Merkl, Christian | | en_US |
| dc.contributor.author | | Snower, Dennis J. | | en_US |
| dc.date.accessioned | | 2010-03-03 | | en_US |
| dc.date.accessioned | | 2010-05-14T08:26:45Z | | - |
| dc.date.available | | 2010-05-14T08:26:45Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30747 | | - |
| dc.description.abstract | | 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. The reactions to monetary and real shocks become much more sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in the standard search and matching model. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2935 | | en_US |
| dc.subject.jel | | A00 | | en_US |
| dc.subject.jel | | A10 | | en_US |
| dc.subject.jel | | A11 | | en_US |
| dc.subject.jel | | E24 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | J23 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | monetary persistence | | en_US |
| dc.subject.keyword | | labor market | | en_US |
| dc.subject.keyword | | hiring and firing costs | | en_US |
| dc.subject.stw | | Geldpolitik | | en_US |
| dc.subject.stw | | Schock | | en_US |
| dc.subject.stw | | Hysteresis | | en_US |
| dc.subject.stw | | Ungleichgewichtstheorie | | en_US |
| dc.subject.stw | | Arbeitsmobilität | | en_US |
| dc.subject.stw | | Kosten | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Monetary persistence and the labor market: A new perspective | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 620106956 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online CESifo Working Papers, CESifo Group Munich
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|