Now showing items 1-5 of 5
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 ...
Wage stickiness and unemployment fluctuations: an alternative approach
(2009) Documento de trabajo / Lan gaiak,
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 ...
Sticky prices, sticky wages, and also unemployment
(2008) Documento de trabajo / Lan gaiak,
This paper shows a New Keynesian model where wages are set at the value that matches household's labor supply with firm's labor demand. Subsequently, wage stickiness brings industry-level unemployment fluctuations. After ...
Reducing social contributions on unskilled labour as a way of fighting unemployment: an empirical evaluation for the case of Spain
(2001) Documento de trabajo / Lan gaiak,
In this paper we provide an empirical evaluation of the effects of a cut in social security contributions (i) for all types of labour, and (ii) only for unskilled labour, within a computable general equilibrium model ...
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 ...