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Title:Quadratic labor adjustment costs and the New-Keynesian model PDF Logo
Authors:Lechthaler, Wolfgang
Snower, Dennis J.
Issue Date:2008
Citation:[Series:] Kiel working paper [No.:] 1453 [Editor:] Kiel Inst. for the World Economy, Kiel
Series/Report no.:Kiel working paper 1453
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
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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