Now showing items 1-2 of 2
An estimated new-Keynesian model with unemployment as excess supply of labor
(2010) Documento de trabajo / Lan gaiak,
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 ...
Why are labor markets in Spain and Germany so different?
(2016) Documento de trabajo / Lan gaiak,
The volatility of unemployment fluctuations has been about 3 times higher in Spain than in Germany over the recent business cycles (1996-2013). In contrast, fluctuations of the rate of wage inflation were significantly ...