Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/33780 
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers No. 2528
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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