Now showing items 1-2 of 2

    • An estimated new-Keynesian model with unemployment as excess supply of labor 

      Casares Polo, Miguel Upna; Moreno, Antonio Upna; Vázquez, Jesús (2010)   Documento de trabajo / Lan gaiak  OpenAccess
      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 

      Casares Polo, Miguel Upna; Moreno, Antonio Upna; Vázquez, Jesús (2009)   Documento de trabajo / Lan gaiak  OpenAccess
      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 ...