Identifying the role of labor markets for monetary policy in an estimated DSGE model /

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages in li...

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Bibliographic Details
Main Author: Christoffel, Kai
Other Authors: Küster, Keith, Linzert, Tobias
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2006
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 17/2006
Subjects:
Online Access:http://econstor.eu/bitstream/10419/19645/1/200617dkp.pdf