An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining

By M. Gertler, Luca Sala, A. Trigari. 2008

495 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/629081b100f5abcb6760b8196cfc178ff18275df

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In Economics and Econometrics

Citations in the corpus

Inflation Dynamics with Search Frictions: A Structural Econometric Analysis (2008, methodology): “1 We follow a literature that has adopted the labor market model by Pissarides (2000) into dynamic general equilibrium frameworks, such as Merz (1995), Andolfatto (1996), and Den Haan et al.”
Policy Analysis Using DSGE Models: An Introduction (2010, methodology): “…targeting—such as the Inflation Report issued by the Bank of England and the monetary policy reports issued by the Riksbank and Norges Bank—have progressively introduced into the policy process the language and methodologies developed in the modern dynamic macroeconomic literature.1 The…”
Unemployment Fluctuations with Staggered Nash Wage Bargaining (2006, background): “(18) It follows that: 5 V̄x (s 0) is thus distinct from the unconditional average value of employment V̄ (s0) = w V (w0, s0) dG(w0, s0).”
CAPITAL DESTRUCTION, JOBLESS RECOVERIES, AND THE DISCIPLINE DEVICE ROLE OF UNEMPLOYMENT (2012, unknown): “Among them, Blanchard and Gali (2010), Gertler et al. (2008), and Faia (2009).”
High Discounts and High Unemployment (2017, unknown): “Gertler, Sala and Trigari (2008) (GST) embed a DMP labor-market model in a general-equilibrium model, overcoming Shimer’s finding by replacing Nash bargaining at the time of hire with a form of wage stickiness.”
Back to Square One: Identification Issues in DSGE Models (2009, methodology): “…evaluate the quality of their fit, now likelihood-based estimation of the structural parameters is common (see e.g. Smets and Wouters, 2003; Ireland, 2004; Gertler et al., 2008; Canova, forthcoming) and new techniques have been introduced for evaluation purposes (see Del Negro et al., 2006).”