FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2151671520> ?p ?o ?g. }

• W2151671520 endingPage "1414" @default.
• W2151671520 startingPage "1401" @default.
• W2151671520 abstract "Costly nominal wage adjustment has received renewed attention in the design of optimal policy. In this paper, we embed costly nominal wage adjustment into the modern theory of frictional labor markets to study optimal fiscal and monetary policy. The main result is that the optimal rate of price inflation is quite volatile despite the presence of nominal wage rigidities. This finding contrasts with results obtained in standard sticky-wage models, which employ neoclassical labor markets at their core. In addition, the tax-smoothing result that lies at the heart of optimal policy prescriptions in standard Ramsey models does not carry over to a search and bargaining environment. Both results stem from a common source in our model. Shared rents associated with the formation of long-term employment relationships imply that the optimal policy entails fluctuations in after-tax real wages much larger than in models with neoclassical labor markets, in which no such rent-sharing margin exists. The results demonstrate that the level at which nominal wage rigidity is modeled—whether simply layered on top of a neoclassical market or articulated in the context of an explicit relationship between workers and firms—can matter a great deal for policy recommendations." @default.
• W2151671520 created "2016-06-24" @default.
• W2151671520 creator A5023291084 @default.
• W2151671520 creator A5076959944 @default.
• W2151671520 date "2008-11-01" @default.
• W2151671520 modified "2023-10-14" @default.
• W2151671520 title "Optimal fiscal and monetary policy with costly wage bargaining" @default.
• W2151671520 cites W1595061447 @default.
• W2151671520 cites W1963884123 @default.
• W2151671520 cites W1976140283 @default.
• W2151671520 cites W1977890060 @default.
• W2151671520 cites W2000952798 @default.
• W2151671520 cites W2017489786 @default.
• W2151671520 cites W2039531996 @default.
• W2151671520 cites W2051133393 @default.
• W2151671520 cites W2060351950 @default.
• W2151671520 cites W2074697913 @default.
• W2151671520 cites W2080196427 @default.
• W2151671520 cites W2088133319 @default.
• W2151671520 cites W2100685959 @default.
• W2151671520 cites W2106817194 @default.
• W2151671520 cites W2139296112 @default.
• W2151671520 cites W2145762689 @default.
• W2151671520 cites W2146216620 @default.
• W2151671520 cites W2163345431 @default.
• W2151671520 cites W2254854162 @default.
• W2151671520 cites W3121467051 @default.
• W2151671520 cites W3121610999 @default.
• W2151671520 cites W3122361617 @default.
• W2151671520 cites W3122501843 @default.
• W2151671520 cites W3122756410 @default.
• W2151671520 cites W3123308126 @default.
• W2151671520 cites W3124938242 @default.
• W2151671520 cites W3125420330 @default.
• W2151671520 cites W3125578965 @default.
• W2151671520 cites W4229893042 @default.
• W2151671520 cites W4298152880 @default.
• W2151671520 cites W4298843637 @default.
• W2151671520 cites W4301823664 @default.
• W2151671520 cites W2133989026 @default.
• W2151671520 doi "https://doi.org/10.1016/j.jmoneco.2008.09.005" @default.
• W2151671520 hasPublicationYear "2008" @default.
• W2151671520 type Work @default.
• W2151671520 sameAs 2151671520 @default.
• W2151671520 citedByCount "62" @default.
• W2151671520 countsByYear W21516715202012 @default.
• W2151671520 countsByYear W21516715202013 @default.
• W2151671520 countsByYear W21516715202014 @default.
• W2151671520 countsByYear W21516715202015 @default.
• W2151671520 countsByYear W21516715202016 @default.
• W2151671520 countsByYear W21516715202017 @default.
• W2151671520 countsByYear W21516715202018 @default.
• W2151671520 countsByYear W21516715202019 @default.
• W2151671520 countsByYear W21516715202020 @default.
• W2151671520 countsByYear W21516715202021 @default.
• W2151671520 countsByYear W21516715202022 @default.
• W2151671520 countsByYear W21516715202023 @default.
• W2151671520 crossrefType "journal-article" @default.
• W2151671520 hasAuthorship W2151671520A5023291084 @default.
• W2151671520 hasAuthorship W2151671520A5076959944 @default.
• W2151671520 hasBestOaLocation W21516715202 @default.
• W2151671520 hasConcept C106866004 @default.
• W2151671520 hasConcept C121332964 @default.
• W2151671520 hasConcept C126285488 @default.
• W2151671520 hasConcept C145236788 @default.
• W2151671520 hasConcept C151730666 @default.
• W2151671520 hasConcept C162324750 @default.
• W2151671520 hasConcept C175444787 @default.
• W2151671520 hasConcept C200941418 @default.
• W2151671520 hasConcept C2777388388 @default.
• W2151671520 hasConcept C2779343474 @default.
• W2151671520 hasConcept C33332235 @default.
• W2151671520 hasConcept C524878704 @default.
• W2151671520 hasConcept C556758197 @default.
• W2151671520 hasConcept C6968784 @default.
• W2151671520 hasConcept C86803240 @default.
• W2151671520 hasConceptScore W2151671520C106866004 @default.
• W2151671520 hasConceptScore W2151671520C121332964 @default.
• W2151671520 hasConceptScore W2151671520C126285488 @default.
• W2151671520 hasConceptScore W2151671520C145236788 @default.
• W2151671520 hasConceptScore W2151671520C151730666 @default.
• W2151671520 hasConceptScore W2151671520C162324750 @default.
• W2151671520 hasConceptScore W2151671520C175444787 @default.
• W2151671520 hasConceptScore W2151671520C200941418 @default.
• W2151671520 hasConceptScore W2151671520C2777388388 @default.
• W2151671520 hasConceptScore W2151671520C2779343474 @default.
• W2151671520 hasConceptScore W2151671520C33332235 @default.
• W2151671520 hasConceptScore W2151671520C524878704 @default.
• W2151671520 hasConceptScore W2151671520C556758197 @default.
• W2151671520 hasConceptScore W2151671520C6968784 @default.
• W2151671520 hasConceptScore W2151671520C86803240 @default.
• W2151671520 hasIssue "8" @default.
• W2151671520 hasLocation W21516715201 @default.
• W2151671520 hasLocation W21516715202 @default.
• W2151671520 hasLocation W21516715203 @default.
• W2151671520 hasOpenAccess W2151671520 @default.
• W2151671520 hasPrimaryLocation W21516715201 @default.
• W2151671520 hasRelatedWork W1593944516 @default.

• next