This paper estimates and compares New-Keynesian DSGE monetary models of the
business cycle derived under two different pricing schemes—Calvo (1983) and Rotemberg …

A shift in the design of labor compensation occurred at around the mid-1980s in the US and
deals with an increased role of performance pay in driving the cyclical movements of wages …

Разработана модель динамического стохастического общего экономического
равновесия (ДСОЭР) с эндогенными дефолтами фирм. Использованный способ …

In this paper I study the relation between real wage rigidity (RWR) and nominal price and
wage rigidity. I show that in a standard DSGE model RWR is mainly affected by the …

This paper analyzes the effects of nominal wage rigidity on inflation persistence and
unemployment using a dynamic stochastic general equilibrium model for the Tunisian …

This contribution reveals some structural properties of the Czech and Slovak labour markets.
A search and matching model incorporated into a small standard DSGE model is estimated …

We derive and estimate a New Keynesian wage Phillips curve that accounts for intrinsic
inertia. In line with microevidence on wage setting, we consider a wage‐setting model …

The macroeconomic effects of a selective wage subsidy targeted to new labour hires are
evaluated and compared with those of standard fiscal instruments. The analyses are based …

We estimate small open economy models with involuntary unemployment using Australian
data from 1993 to 2007, focusing on hiring costs and real wage rigidity. We find a strong …

A coincidence in time between the volatility break associated with the" Great Moderation"
and large changes in the pattern of conditional and unconditional correlations between …