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dc.contributor.authorDong, Meien
dc.date.accessioned2010-07-07-
dc.date.accessioned2011-12-15T12:58:46Z-
dc.date.available2011-12-15T12:58:46Z-
dc.date.issued2010-
dc.identifier.pidoi:10.34989/swp-2010-15en
dc.identifier.urihttp://hdl.handle.net/10419/53959-
dc.description.abstractUsing a monetary search model, Rocheteau, Rupert and Wright (2007) show that the relationship between inflation and unemployment can be positive or negative depending on the primitives of the model. The key features are indivisible labor, nonseparable preferences and bargaining. Their results are derived only for a special case of the bargaining solution, take-it-or-leave-it offer by buyers. Instead of bargaining, this paper considers competitive search (price posting with directed search). I show that the results in Rocheteau, Rupert and Wright (2007) can be generalized in an environment where both buyers and sellers have nonseparable preferences. In addition, the relationship between inflation and unemployment is robust to allowing free entry by sellers, which cannot be studied in Rocheteau, Rupert and Wright (2007).en
dc.language.isoengen
dc.publisher|aBank of Canada |cOttawaen
dc.relation.ispartofseries|aBank of Canada Working Paper |x2010-15en
dc.subject.jelE40en
dc.subject.jelE52en
dc.subject.jelE12en
dc.subject.jelE13en
dc.subject.ddc330en
dc.subject.keywordInflation: costs and benefitsen
dc.subject.stwInflationsrateen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwArbeitsangeboten
dc.subject.stwUnteilbarkeiten
dc.subject.stwVerhandlungsmachten
dc.subject.stwTheorieen
dc.titleInflation and unemployment in competitive search equilibrium-
dc.typeWorking Paperen
dc.identifier.ppn630742294en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:bca:bocawp:10-15en

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