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dc.creatorCasares Polo, Migueles_ES
dc.description.abstractThis paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection between pricing and hiring decisions results in firm-level employment fluctuations that depend upon sticky prices, search costs, demand elasticity and labor supply elasticity. The calibrated model is able to match average US industrial employment volatility when assuming a small industrial size, providing one possible answer to Shimer (2005a)’s puzzle.en
dc.description.sponsorshipThe author would like to acknowledge financial support from Fundación Ramón Areces (VII Concurso Investigación en Economía) and the Spanish government (research project ECO2008-02641 from Ministerio de Ciencia e Innovación).en
dc.format.extent33 p.
dc.relation.ispartofseriesDocumentos de Trabajo DE - ES Lan Gaiakes
dc.rightsCC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)en
dc.subjectSearch frictionsen
dc.subjectSticky pricesen
dc.subjectIndustrial employmenten
dc.titleA new Keynesian analysis of industrial employment fluctuationsen
dc.typeDocumento de trabajo / Lan gaiakes
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Economíaes_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Ekonomia Sailaeu
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes

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CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)
Except where otherwise noted, this item's license is described as CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)