Nominal wage rigidities in a new Keynesian model with frictional unemployment

Vincent Bodart, Grégory de Walque, Olivier Pierrard, Henri Sneessens and Raf Wouters ()

No 97, Working Paper Research from National Bank of Belgium

Abstract: In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple shocks. The model generates realistic statistics for the important labor market variables

Keywords: DSGE; Search and Matching; Nominal Wage Rigidity; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E31 E32 E52 J64 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2006-10
New Economics Papers: this item is included in nep-cba, nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed

Downloads: (external link)
https://www.nbb.be/doc/ts/publications/wp/wp97en.pdf (application/pdf)

Related works:
Working Paper: Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbb:reswpp:200610-9

Access Statistics for this paper

More papers in Working Paper Research from National Bank of Belgium Contact information at EDIRC.
Bibliographic data for series maintained by ().