Arbeitspapier
Quadratic labor adjustment costs and the New-Keynesian model
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence.
- Language
-
Englisch
- Bibliographic citation
-
Series: Kiel Working Paper ; No. 1453
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
Monetary Policy
Labor Demand
- Subject
-
monetary persistence
labor adjustment costs
Preisrigidität
Arbeitsmarkt
Anpassungskosten
Ungleichgewichtstheorie
Konjunkturtheorie
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Lechthaler, Wolfgang
Snower, Dennis J.
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute for the World Economy (IfW)
- (where)
-
Kiel
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lechthaler, Wolfgang
- Snower, Dennis J.
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2008
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