Inflation Dynamics with Search Frictions: A Structural Econometric Analysis

By Michael U. Krause, Deutsche Bundesbank, D. López-Salido, Thomas A. Lubik. 2008

149 citations recorded by the source corpus.

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Citations in the corpus

Weak Instrument Robust Tests in GMM and the New Keynesian Phillips Curve (2009, methodology): “We estimate the NKPC model (2) by the CUE, using three lags of ination and the labor share as instruments and the Newey and West (1987) HAC estimator of the optimal weight matrix.”
The macroeconomic effects of goods and labor markets deregulation (2016, background): “Dynamic models featuring monopolistic competition and search and matching frictions typically abstract from within-firm strategic bargaining, and assume surplus splitting between an individual worker and the firm; see, among others, Krause and Lubik (2007), Krause et al. (2008), and Faia (2009). 15 ”
Labor Market Reform and Price Stability: An Application to the Euro Area (2009, background): “Equations (14) and (15) jointly determine the rms real marginal cost, 't, and reservation productivity, zR t , given the evolution of the aggregate variables At, t and ct.”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, methodology): “On a side note, the fact that γf < 1/2 is necessary for determinacy in this model illustrates the Kurmann (2007) critique of the Fuhrer and Moore (1995) approach to VAR-ML: If one imposes the extra determinacy assumption, the parameter space is cut in half.”
DSGE Models and Central Banks (2009, methodology): “For an up to date discussion of how to model labour markets in DSGE models see the special issue of the Journal of Monetary Economics vol 55, July 2008 (eg Christoffel and Kuester 2008; Krause et al 2008 or Christiano et al 2007b).”