A productivity innovation reduces labor share at impact, making it countercyclical; it
subsequently produces a long-lasting increase that peaks five years later at a level larger in …

We use a 12‐dimensional VAR to examine the aggregate effects of two structural technology
shocks and two policy shocks. For each shock, we examine the dynamic effects on the labor …

We assess the distributional impact of introducing a carbon tax in a small open economy,
using the case of Poland. We use a dynamic general equilibrium model with a search …

A progressive tax schedule is usually justified in terms of redistribution and insurance. When
the labor market is frictional and there is no intensive margin of labor supply, progressive …

Most business cycle research is performed using the notion that factor shares of income
(capi tal and labor) are constant. This is usually achieved by assuming a Cobb-Douglas …

In this paper we propose a novel way to model the labor market in the context of a New-
Keynesian general equilibrium model, incorporating labor market frictions in the form of …

We introduce endogenous information acquisition into an otherwise standard business cycle
model. In our framework information is a productive input, which is essentially specialized …

This paper investigates to what extent a new Keynesian, monetary model with the addition of
a microfounded, non-Walrasian labor market solely based on union bargaining is able to …

This paper analyzes the properties of the Mortensen and Pissarides (1994) and Pissarides
(2000) style labor market matching model, extended with a labor market participation choice …

We study the size of government spending multipliers in a general equilibrium model with
search and matching frictions in which we allow for different levels of household …