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A new Keynesian analysis of industrial employment fluctuations
| dc.creator | Casares Polo, Miguel | es_ES |
| dc.date.accessioned | 2016-05-10T07:40:35Z | |
| dc.date.available | 2016-05-10T07:40:35Z | |
| dc.date.issued | 2009 | |
| dc.identifier.uri | https://hdl.handle.net/2454/20637 | |
| dc.description.abstract | This 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.sponsorship | The 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.extent | 33 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.language.iso | eng | en |
| dc.relation.ispartofseries | Documentos de Trabajo DE - ES Lan Gaiak | es |
| dc.relation.ispartofseries | 0903 | en |
| dc.rights | CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) | en |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject | Search frictions | en |
| dc.subject | Sticky prices | en |
| dc.subject | Industrial employment | en |
| dc.title | A new Keynesian analysis of industrial employment fluctuations | en |
| dc.type | Documento de trabajo / Lan gaiak | es |
| dc.type | info:eu-repo/semantics/workingPaper | en |
| dc.contributor.department | Economía | es_ES |
| dc.contributor.department | Ekonomia | eu |
| dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |
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