We construct a utility-based model of fluctuations with nominal rigidities and unemployment.
We first show that under a standard utility specification, productivity shocks have no effect on …

We develop and estimate a medium scale macroeconomic model that allows for
unemployment and staggered nominal wage contracting. In contrast to most existing …

A recent literature has merged the New Keynesian and the search and matching
frameworks, which has allowed the former to analyze the joint dynamics of unemployment …

Much recent research has focused on the development and analysis of extensions of the
New Keynesian framework that model labor market frictions and unemployment explicitly …

We develop a utility based model of fluctuations, with nominal rigidities, and unemployment.
In doing so, we combine two strands of research: the New Keynesian model with its focus on …

I study the cyclical behavior of an equilibrium search model with endogenous job creation
and destruction, with focus the model's failure to match the observed cyclical volatility of …

The literature on New Keynesian models with search frictions in the labor market commonly
assumes that price setters are not actually subject to such frictions. Here, I propose a model …

This paper analyses the effects of introducing two typical Keynesian features, namely rule-of-
thumb (RoT) consumers and consumption habits, into a standard labour market search …

I examine the dynamic evolutions of unemployment, hours of work, and the service share
since the war in the United States and Europe. The theoretical model brings together all …

We present a dynamic stochastic general equilibrium (DSGE) New Keynesian model with
indivisible labor and a dual labor market: a Walrasian one where wages are fully flexible …