Add to ORKGThis paper studies the effects of a monetary shock on real and nominal variables, such as output, inflation and especially unemployment, within a framework which combines a New Keynesian business cycle model model with microfounded labor market in the style of the search and matching literature. We assume that unemployed workers can lose their skill over time and show that this mechanism helps explain the slugish response of unemployment to monetary shocks observed in the data, while also replicating the behavior of output, inflation and employment.
This paper proposes a New Keynesian model with search and matching frictions in the labor market tha...
It is common knowledge that the standard New Keynesian model is not able to generate a persistent re...
This paper focusses on the reallocation of labour resources in a New Keynesian environment with labo...
This paper studies the effects of a monetary shock on real and nominal variables, such as output, in...
The monetary transmission mechanism plays an important role in studying the effects of monetary poli...
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doin...
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and dr...
This paper investigates the consequences of skill loss as a result of unemployment in an efficiency ...
This paper studies the effects of the loss of skills on the persistence of unemployment and other ma...
This paper builds and calibrate a model of competitive search that can reproduce a set of stylized f...
The literature trying to link the increase in unemployment in many western European countries since ...
This paper explains the divergent behavior of European an US unemployment rates using a job market m...
This paper examines “hysteresis” in which persistent unemployment takes on structural characteristic...
New Keynesian models attempt to account for economic fluctuations under nominal rigidities without m...
This paper explores the effect of structural change on labor markets. I build a model in which struc...
This paper proposes a New Keynesian model with search and matching frictions in the labor market tha...
It is common knowledge that the standard New Keynesian model is not able to generate a persistent re...
This paper focusses on the reallocation of labour resources in a New Keynesian environment with labo...
This paper studies the effects of a monetary shock on real and nominal variables, such as output, in...
The monetary transmission mechanism plays an important role in studying the effects of monetary poli...
We develop a utility based model of fluctuations, with nominal rigidities, and unemployment. In doin...
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and dr...
This paper investigates the consequences of skill loss as a result of unemployment in an efficiency ...
This paper studies the effects of the loss of skills on the persistence of unemployment and other ma...
This paper builds and calibrate a model of competitive search that can reproduce a set of stylized f...
The literature trying to link the increase in unemployment in many western European countries since ...
This paper explains the divergent behavior of European an US unemployment rates using a job market m...
This paper examines “hysteresis” in which persistent unemployment takes on structural characteristic...
New Keynesian models attempt to account for economic fluctuations under nominal rigidities without m...
This paper explores the effect of structural change on labor markets. I build a model in which struc...
This paper proposes a New Keynesian model with search and matching frictions in the labor market tha...
It is common knowledge that the standard New Keynesian model is not able to generate a persistent re...
This paper focusses on the reallocation of labour resources in a New Keynesian environment with labo...