Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation

DOI10.1016/j.jedc.2010.03.001zbMath1230.91112OpenAlexW3123552699MaRDI QIDQ975900

Marianna Riggi, Massimiliano Tancioni

Publication date: 11 June 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2010.03.001

zbMATH Keywords

Bayesian inferencelabor market frictionstechnology shocksNew-Keynesian modelwage rigidities

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (3)

Bounded rationality and heterogeneous expectations: Euler versus anticipated-utility approach ⋮ Calvo vs. Rotemberg in a trend inflation world: an empirical investigation ⋮ Performance pay and changes in U.S. labor market dynamics

Uses Software

• Dynare

Cites Work

• Unnamed Item
• Optimal price setting and inflation inertia in a rational expectations model
• Comparing dynamic equilibrium models to data: a Bayesian approach
• Analysing DSGE models with global sensitivity analysis
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Using simulation methods for bayesian econometric models: inference, development,and communication
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Inflation Persistence

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