Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144311
Authors: 
Bodart, Vincent
De Walque, Gregory
Pierrard, Olivier
Sneessens, Henri R.
Wouters, Raf
Year of Publication: 
2006
Series/Report no.: 
Working Paper Research 97
Abstract: 
In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple shocks. The model generates realistic statistics for the important labor market variables
Subjects: 
DSGE
Search and Matching
Nominal Wage Rigidity
Monetary Policy
JEL: 
E31
E32
E52
J64
Document Type: 
Working Paper

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