Comment on: "Inflation dynamics with search frictions: A structural econometric analysis" by Krause, Lopez-Salido and Lubik

Miguel Casares

Journal of Monetary Economics, 2008, vol. 55, issue 5, 917-920

Abstract: The implications of search frictions on the inflation dynamics are shown here for the case with wage adjustments typically belonging to the New Keynesian model, not to the Mortensen-Pissarides framework. In that model variant, I identify the role of search frictions by an additional term entering the slope coefficient of the inflation equation. After a numerical exercise, I find results that are in line with those obtained by Krause et al. [2008. Inflation dynamics with search frictions: a structural econometric analysis. Journal of Monetary Economics 55, doi:10.1016/j.jmoneco.2008.05.003.].

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:55:y:2008:i:5:p:917-920

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