EconPapers    
Economics at your fingertips  
 

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 (24) 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) Downloads
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 ().

 
Page updated 2023-05-30
Handle: RePEc:nbb:reswpp:200610-9