Labor Market Search, Sticky Prices, and Interest Rate Policies

By Carl E. Walsh. 2005

380 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/aca67046b7279c4ef440358cceb23dd8c67c4031

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Unemployment Fiscal Multipliers (2010, methodology): “To introduce monopolistic competition and nominal price rigidity we follow the modelling strategy adopted in Walsh (2005) and Trigari (2006, 2009).”
Macroeconomic Modeling for Monetary Policy Evaluation (2007, background): “Examples include Walsh (2005), Trigari (2005), Blanchard and Galı́ (2006), and Gertler, Sala, and Trigari (2007).”
A New Keynesian Model with Unemployment (2006, positive): “More recent papers, by Walsh (2005), Trigari (2005), and Andrés et al. (2006) among others, introduce a number of extensions, from habit persistence in preferences, to capital accumulation, to the implications of Taylor rules.”
The Role of Labor Markets for Euro Area Monetary Policy (2009, neutral): “Walsh (2005) focuses on the real effects of monetary policy shocks.”
Labour Market Institutions and Aggregate Fluctuations in a Search and Matching Model (2011, positive): “The model resembles those used by Krause and Lubik (2007) and Walsh (2005) , which embed the”
Monetary policy under uncertainty in an estimated model with labor market frictions (2008, background): “Such labor market specifications have recently been extended to monetary business cycle models, originally by Trigari (2004, 2006) and Walsh (2005b), and thus present a natural alternative to the standard monetary framework.”
Vacancies, Unemployment, and the Phillips Curve (2007, methodology): “…¸¾bit +δ ½ 1 MCss 1 LPss (1− ρ)β 1 qss κeμa ¾ Etbqt+1 +δ ½ 1 MCss 1 LPss (1− ρ)β 1 qss κeμa ¾ εat In this specification, the coefficient on bit and Etbqt+1 are not restricted to be equal, while αcos t is the share of factor payment that firms have to pay in advance (see Ravenna and Walsh, 2005).”
The Role of Search Frictions and Bargaining for Inflation Dynamics (2006, background): “Walsh (2005) also shows that labor market search decreases the elasticity of marginal costs to output relative to an otherwise similar model with a Walrasian labor market.”
An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining (2008, background): “Trigari (2004) and Walsh (2005) were among the first to integrate a search and matching setup within a monetary DSGE model with nominal price rigidities.”
Equilibrium Unemployment, Job Flows and Inflation Dynamics (2009, neutral): “Independent work by Walsh (2005) also studies the interaction between price rigidities and labor-market search.”
Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment (2006, neutral): “Another series of papers - Walsh (2005), Trigari (2004), Moyen and Sahuc (2005) - have studied the role of labor-search frictions for inflation dynamics and the monetary policy transmission mechanism.”
Inflation Dynamics with Search Frictions: A Structural Econometric Analysis (2008, background): “…rm 1We 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. (2000) in real models, and Walsh (2005), Trigari (2006), and Krause and Lubik (2007a) for monetary models.”