Equilibrium Unemployment, Job Flows, and Inflation Dynamics

In order to explain the joint fluctuations of output, inflation and the labor market, this paper develops and estimates a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. The estimated model accounts for the responses...

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Veröffentlicht in:	Journal of money, credit and banking credit and banking, 2009-02, Vol.41 (1), p.1-33
1. Verfasser:	TRIGARI, ANTONELLA
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis E24 E32 E52 Economic conditions Economic dynamics Economic fluctuations Economic models Employment Employment creation Equilibrium General economic equilibrium Inflation (Economics) Inflation (Finance) Inflation rate Inflation rates Intermediate goods J64 Job creation Job loss Labor market labor market search Labor markets Macroeconomics Marginal costs Monetary economics Monetary policy monetary policy shocks nominal price rigidities Studies Unemployment Unemployment levels United States
Online-Zugang:	Volltext
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