The Phillips and Beveridge curves revisited

Arnaud Cheron () and Francois Langot ()

CEPREMAP Working Papers (Couverture Orange) from CEPREMAP

Abstract: This paper studies the cyclical labor market properties of a model wich aims to account for the Phillips and Beveridge curves. Monopolistic competition and sticky prices on the goods market are introduced in a labor market search model disturbed by both technological and money supply shocks. We explain the specific propagation mechanisms on the labor market related to money supply shocks and show that they help to understand aggregate labor market dynamics.

JEL-codes: E24 E31 E32 (search for similar items in EconPapers)
Date: 1999
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Journal Article: The Phillips and Beveridge curves revisited (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:cpm:cepmap:9905

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