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Browsing Departament d'Economia i Empresa by Subject "wage stickiness"

Browsing Departament d'Economia i Empresa by Subject "wage stickiness"

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  • Galí, Jordi, 1961- (2015-06-01)
    The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity ...
  • Galí, Jordi, 1961- (2016-01-01)
    I develop a version of the New Keynesian model with insider- outsider labor markets and hysteresis that can account for the high persistence of European unemployment. I study the implications of that environment for the ...

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