Wage rigidities and jobless recoveries

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Understanding the Gains from Wage Flexibility: The Exchange Rate Connection (2016, unknown): “…hard peg or joined a currency union.2 The conventional wisdom described above ignores, however, the fact that in economies 1See e.g. Hall (2005) and Shimer (2005, 2012) for a discussion of the role of wage rigidities in accounting for labor market uctuations in the context of the search and…”
Countercyclical Restructuring and Jobless Recoveries (2012, background): “Recent work by Valetta and Kuang (2010) and Barnichon and Figura 4Also see Aaronson et. al., 2004; Groshen and Potter, 2003; Shimer, 2010.”
A Model of Secular Stagnation (2014, background): “In outlining his secular stagnation hypothesis, Summers (2013) suggests that ”declines in the cost of durable goods, especially those associated with information technology, mean that the same level of saving purchases more capital every year.””
CAPITAL DESTRUCTION, JOBLESS RECOVERIES, AND THE DISCIPLINE DEVICE ROLE OF UNEMPLOYMENT (2012, unknown): “Consistently with these works, the large movements in unemployment in the model economy I propose are synonymous with real wage rigidity, which, however, is generated endogenously by efficiency wages—supporting Solow’s (1979) argument—rather than imposed, as instead it is in Shimer (2012).”