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Ramsey monetary policy with labor market frictions

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Cited by:

  1. Cacciatore, Matteo & Fiori, Giuseppe & Ghironi, Fabio, 2016. "Market deregulation and optimal monetary policy in a monetary union," Journal of International Economics, Elsevier, vol. 99(C), pages 120-137.
  2. Lien Laureys, 2014. "Optimal Monetary Policy in the Presence of Human Capital Depreciation during Unemployment," Discussion Papers 1415, Centre for Macroeconomics (CFM).
  3. Merkl, Christian & Schmitz, Tom, 2011. "Macroeconomic volatilities and the labor market: First results from the euro experiment," European Journal of Political Economy, Elsevier, vol. 27(1), pages 44-60, March.
  4. Girdėnas, Šarūnas, 2018. "A Note On Simple Monetary Policy Rules With Labor Market And Financial Frictions," Macroeconomic Dynamics, Cambridge University Press, vol. 22(5), pages 1321-1344, July.
  5. Gross, Isaac & Hansen, James, 2021. "Optimal policy design in nonlinear DSGE models: An n-order accurate approximation," European Economic Review, Elsevier, vol. 140(C).
  6. Ester Faia & Wolfgang Lechthaler & Christian Merkl, 2014. "Labor Selection, Turnover Costs, and Optimal Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(1), pages 115-144, February.
  7. Cacciatore, Matteo, 2014. "International trade and macroeconomic dynamics with labor market frictions," Journal of International Economics, Elsevier, vol. 93(1), pages 17-30.
  8. Jean-Olivier Hairault & Francois Langot & Sophie Osotimehin, 2010. "Matching frictions, unemployment dynamics and the cost of business cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 759-779, October.
  9. Kurozumi, Takushi & Van Zandweghe, Willem, 2010. "Labor market search, the Taylor principle, and indeterminacy," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 851-858, October.
  10. Abo-Zaid, Salem, 2013. "Optimal monetary policy and downward nominal wage rigidity in frictional labor markets," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 345-364.
  11. Dossche, Maarten & Lewis, Vivien & Poilly, Céline, 2019. "Employment, hours and the welfare effects of intra-firm bargaining," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 67-84.
  12. Jianhua Feng & Chan Wang & Liyuan Wu & Dingsheng Zhang, 2021. "Unemployment, Trade Openness and Optimal Monetary Policy," Annals of Economics and Finance, Society for AEF, vol. 22(1), pages 231-253, May.
  13. Ravenna, Federico & Walsh, Carl E., 2012. "Monetary policy and labor market frictions: A tax interpretation," Journal of Monetary Economics, Elsevier, vol. 59(2), pages 180-195.
  14. Nucci, Francesco & Riggi, Marianna, 2018. "Labor force participation, wage rigidities, and inflation," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 274-292.
  15. Cacciatore, Matteo & Ghironi, Fabio, 2021. "Trade, unemployment, and monetary policy," Journal of International Economics, Elsevier, vol. 132(C).
  16. Bilbiie, Florin O. & Fujiwara, Ippei & Ghironi, Fabio, 2014. "Optimal monetary policy with endogenous entry and product variety," Journal of Monetary Economics, Elsevier, vol. 64(C), pages 1-20.
  17. Wissem BOUKRAINE & Hella Guerchi MEHRI, 2021. "Comparing Optimal Monetary Policy Rules, Does Wage Inflation Matters?," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 5(1), pages 1-16.
  18. Antoine Lepetit, 2020. "Asymmetric Unemployment Fluctuations and Monetary Policy Trade-Offs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 29-45, April.
  19. Galí, Jordi, 2010. "Monetary Policy and Unemployment," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 10, pages 487-546, Elsevier.
  20. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2022. "The Matching Function and Nonlinear Business Cycles," Working Papers 2201, Federal Reserve Bank of Dallas.
  21. Manganelli, Simone & Wolswijk, Guido, 2007. "Market discipline, financial integration and fiscal rules: what drives spreads in the euro area government bond market?," Working Paper Series 745, European Central Bank.
  22. Annicchiarico, Barbara & Pelloni, Alessandra, 2021. "Innovation, Growth, And Optimal Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, vol. 25(5), pages 1175-1198, July.
  23. Takeki Sunakawa, 2015. "Optimal Monetary Policy with Labor Market Frictions: The Role of the Wage Channel," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(6), pages 1119-1147, September.
  24. Barbara Annicchiarico & Fabio Di Dio, 2017. "GHG Emissions Control and Monetary Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 823-851, August.
  25. Nittai K. Bergman & David Matsa & Michael Weber & Michael Weber, 2022. "Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth," CESifo Working Paper Series 9512, CESifo.
  26. Burkhard Heer & Alfred Maussner, 2010. "Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(3), pages 654-686, July.
  27. Gomes, Sandra & Jacquinot, Pascal & Lozej, Matija, 2023. "A single monetary policy for heterogeneous labour markets: the case of the euro area," Research Technical Papers 3/RT/23, Central Bank of Ireland.
  28. Thomas, Carlos, 2008. "Search and matching frictions and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 936-956, July.
  29. Maarten DOSSCHE & Vivien LEWIS & Céline POILLY, 2014. "Employment, hours and optimal monetary policy," Working Papers of Department of Economics, Leuven ces14.16, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
  30. Ahrens, Steffen & Wesselbaum, Dennis, 2009. "On the introduction of firing costs," Kiel Working Papers 1559, Kiel Institute for the World Economy (IfW Kiel).
  31. Matteo Cacciatore & Giuseppe Fiori, 2016. "The Macroeconomic Effects of Goods and Labor Marlet Deregulation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 20, pages 1-24, April.
  32. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
  33. Barbara Annicchiarico & Fabio Di Dio, 2014. "Ramsey Monetary Policy and GHG Emission Control," CEIS Research Paper 330, Tor Vergata University, CEIS, revised 24 Sep 2014.
  34. Nils Gornemann & Keith Kuester & Makoto Nakajima, 2021. "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy," ECONtribute Discussion Papers Series 089, University of Bonn and University of Cologne, Germany.
  35. Aruoba, S. Boragan & Chugh, Sanjay K., 2010. "Optimal fiscal and monetary policy when money is essential," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1618-1647, September.
  36. Annicchiarico, Barbara & Rossi, Lorenza, 2013. "Optimal monetary policy in a New Keynesian model with endogenous growth," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 274-285.
  37. Takushi Kurozumi & Willem Van Zandweghe, 2022. "Labor Supply Shocks, Labor Force Entry, and Monetary Policy," Working Papers 22-17, Federal Reserve Bank of Cleveland, revised 15 Aug 2020.
  38. Demirel, Ufuk Devrim, 2010. "Macroeconomic stabilization in developing economies: Are optimal policies procyclical?," European Economic Review, Elsevier, vol. 54(3), pages 409-428, April.
  39. Craighead, William D., 2014. "Monetary rules and sectoral unemployment in open economies," Journal of Macroeconomics, Elsevier, vol. 40(C), pages 277-292.
  40. Anthony M. Diercks, 2015. "The Equity Premium, Long-Run Risk, & Optimal Monetary Policy," Finance and Economics Discussion Series 2015-87, Board of Governors of the Federal Reserve System (U.S.).
  41. Mirko Abbritti & Andrea Boitani & Mirella Damiani, 2012. "Labour Market Imperfections, "Divine Coincidence" and Volatility of Employment and Inflation," Review of Economics and Institutions, Università di Perugia, vol. 3(1).
  42. Romain Duval & Lukas Vogel, 2012. "How Do Nominal and Real Rigidities Interact? A Tale of the Second Best," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1455-1474, October.
  43. Mario Larch & Wolfgang Lechthaler, 2013. "Whom to send to Doha? The Short-sighted Ones!," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 16(4), pages 634-649, October.
  44. Lee, Hangyu & Kim, Tae Bong, 2023. "The effectiveness of labor market indicators for conducting monetary policy: Evidence from the Korean economy," Economic Modelling, Elsevier, vol. 118(C).
  45. Raissi, M., 2011. "A Linear Quadratic Approach to Optimal Monetary Policy with Unemployment and Sticky Prices: The Case of a Distorted Steady State," Cambridge Working Papers in Economics 1146, Faculty of Economics, University of Cambridge.
  46. Antoine Lepetit, 2020. "Asymmetric Unemployment Fluctuations and Monetary Policy Trade-Offs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 29-45, April.
  47. Edouard Challe, 2017. "Uninsured Unemployment Risk and Optimal Monetary Policy," Working Papers 2017-54, Center for Research in Economics and Statistics.
  48. Przemysław Włodarczyk, 2018. "Rynek pracy w modelu nowej syntezy neoklasycznej ze sztywnościami płac nominalnych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 51-92.
  49. Ahrens, Steffen & Nejati, Nooshin & Pfeiffer, Philipp L., 2015. "Layoff taxes, unemployment insurance, and business cycle fluctuations," Kiel Working Papers 1988, Kiel Institute for the World Economy (IfW Kiel).
  50. Riggi, Marianna, 2019. "Capital Destruction, Jobless Recoveries, And The Discipline Device Role Of Unemployment," Macroeconomic Dynamics, Cambridge University Press, vol. 23(2), pages 590-624, March.
  51. Anthony Diercks, 2016. "The Equity Premium, Long-Run Risk, and Optimal Monetary Policy," 2016 Meeting Papers 207, Society for Economic Dynamics.
  52. Ma�gorzata Skibi�ska, 2015. "Impact of labour market shocks on business cycle fluctuations in Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 46(1), pages 1-40.
  53. Etro, Federico & Rossi, Lorenza, 2015. "New-Keynesian Phillips curve with Bertrand competition and endogenous entry," Journal of Economic Dynamics and Control, Elsevier, vol. 51(C), pages 318-340.
  54. Tae Bong Kim & Hangyu Lee, 2016. "Macroeconomic Shocks and Dynamics of Labor Markets in Korea," Korean Economic Review, Korean Economic Association, vol. 32, pages 101-136.
  55. Wesselbaum, Dennis, 2010. "Price bargaining, the persistence puzzle, and monetary policy," Kiel Working Papers 1629, Kiel Institute for the World Economy (IfW Kiel).
  56. Kohlbrecher, Britta, 2019. "The (ir)relevance of real wage rigidity for optimal monetary policy," FAU Discussion Papers in Economics 07/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
  57. Rhee, Hyuk Jae & Song, Jeongseok, 2020. "Wage rigidities and unemployment fluctuations in a small open economy," Economic Modelling, Elsevier, vol. 88(C), pages 244-262.
  58. Mileva, Mariya, 2013. "Optimal monetary policy in response to shifts in the beveridge curve," Kiel Working Papers 1823, Kiel Institute for the World Economy (IfW Kiel).
  59. P. Clerc, 2015. "Credible Wage Bargaining and the Joint Dynamics of Unemployment and Inflation," Working papers 568, Banque de France.
  60. Faia, Ester, 2012. "Oligopolistic competition and optimal monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 36(11), pages 1760-1774.
  61. Hyuk Jae Rhee & Jeongseok Song, 2013. "Unemployment fluctuations, and optimal monetary policy in a small open economy," Working Papers 1309, University of Windsor, Department of Economics.
  62. Fabián De Achával & Xavier Fairise, 2008. "Monetary Policy in Emerging Markets, Labor Market Search and Exchange Rate Pass-Through," Documents de recherche 08-13, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
  63. Ignazio Angeloni, 2009. "A Tale of Two Policies- Prudential Regulation and Monetary Policy with Fragile Banks," Working Papers 345, Bruegel.
  64. Richard Dennis & Oleg Kirsanov, 2020. "Monetary Policy when Preferences are Quasi-Hyperbolic," Working Papers 2020_05, Business School - Economics, University of Glasgow.
  65. Lechthaler, Wolfgang & Tesfaselassie, Mewael, 2015. "Trend growth, unemployment and optimal monetary policy," Kiel Working Papers 2003, Kiel Institute for the World Economy (IfW Kiel).
  66. Wolfgang Lechthaler, 2017. "Ben Bernanke in Doha: The Effect of Monetary Policy on Optimal Tariffs," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(8), pages 1715-1746, December.
  67. Kurozumi, Takushi & Van Zandweghe, Willem, 2012. "Learning about monetary policy rules when labor market search and matching frictions matter," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 523-535.
  68. Cacciatore, Matteo & Fiori, Giuseppe & Ghironi, Fabio, 2015. "The domestic and international effects of euro area market reforms," Research in Economics, Elsevier, vol. 69(4), pages 555-581.
  69. Raissi, Mehdi, 2015. "Flexible inflation targeting and labor market inefficiencies," Economic Modelling, Elsevier, vol. 46(C), pages 283-300.
  70. Florin O. Bilbiie & Fabio Ghironi & Marc J. Melitz, 2019. "Monopoly Power and Endogenous Product Variety: Distortions and Remedies," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(4), pages 140-174, October.
  71. Faia, Ester & Lechthaler, Wolfgang & Merkl, Christian, 2009. "Labor Turnover Costs, Workers' Heterogeneity, and Optimal Monetary Policy," IZA Discussion Papers 4322, Institute of Labor Economics (IZA).
  72. Carlsson, Mikael & Westermark, Andreas, 2012. "Labor-Market Frictions and Optimal Inflation," Working Paper Series 259, Sveriges Riksbank (Central Bank of Sweden).
  73. Kohlbrecher, Britta, 2016. "Optimal Monetary Policy under Rigid Wages and Decreasing Returns," VfS Annual Conference 2016 (Augsburg): Demographic Change 145867, Verein für Socialpolitik / German Economic Association.
  74. Kawther Alimi & Mohamed Chakroun, 2022. "Wage Rigidity Impacts on Unemployment and Inflation Persistence in Tunisia: Evidence from an Estimated DSGE Model," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(1), pages 474-500, March.
  75. Razmi, Seyedeh Fatemeh & Moghadam, Marjan Heirani & Behname, Mehdi, 2021. "Time-varying effects of monetary policy on Iranian renewable energy generation," Renewable Energy, Elsevier, vol. 177(C), pages 1161-1169.
  76. Lechthaler, Wolfgang & Tesfaselassie, Mewael F., 2019. "A Note On Trend Growth, Unemployment, And Optimal Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, vol. 23(4), pages 1703-1719, June.
  77. Rubén Domínguez Díaz, 2021. "Hiring Stimulus and Precautionary Savings in a Liquidity Trap," ECONtribute Discussion Papers Series 072, University of Bonn and University of Cologne, Germany.
  78. Ester Faia, 2017. "Competitiveness, labor market institutions, and monetary policy," IZA World of Labor, Institute of Labor Economics (IZA), pages 383-383, August.
  79. Sebastian Sienknecht, 2010. "On the Informational Loss Inherent in Approximation Procedures: Welfare Implications and Impulse Responses," Jena Economics Research Papers 2010-005, Friedrich-Schiller-University Jena.
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