Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33780
Authors: 
Bodart, Vincent
De Walque, Gregory
Pierrard, Olivier
Sneessens, Henri R.
Wouters, Raf
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2528
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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