Listar Documentos de trabajo DE - ES Lan Gaiak por autor UPNA "Moreno, Antonio"
Mostrando ítems 1-2 de 2
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An estimated new-Keynesian model with unemployment as excess supply of labor
As one alternative to search frictions, wage stickiness is introduced in a New-Keynesian model to generate endogenous unemployment fluctuations due to mismatches between labor supply and labor demand. The effects on an ... -
Wage stickiness and unemployment fluctuations: an alternative approach
Erceg, Henderson and Levin (2000, Journal of Monetary Economics) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations ...