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A Theory of Labor Markets with Inefficient Turnover
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What this work says
Outgoing claims: the papers this work cites, builds on, or argues with.
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Inflation and Unemployment
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Long-term contracting, sticky prices, and monetary policy
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‘Long-term contracting, sticky prices, and monetary policy’
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Staggered prices in a utility-maximizing framework
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Block recursive equilibria for stochastic models of search on the job
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Wage Setting Patterns and Monetary Policy: International Evidence
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Mathematical Methods of Game and Economic Theory
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Optimal monetary policy with staggered wage and price contracts
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Labor markets and business cycles
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A Theory of Quits and Layoffs with Efficient Turnover
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The Excess Sensitivity of Layoffs and Quits to Demand
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Unemployment Fluctuations with Staggered Nash Wage Bargaining
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Efficient Search on the Job and the Business Cycle
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Partial differential equations
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Nonzero-Sum Stochastic Differential Games With Stopping Times and Free Boundary Problems
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The influence of elasticity on analysis: Modern developments
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New Pricing Models, Same Old Phillips Curves?
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Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
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Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations
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Stochastic Differential Equations—An Introduction With Applications
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On the Nature of Capital Adjustment Costs
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Reservation Wages and the Wage Flexibility Puzzle
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Employment Fluctuations with Equilibrium Wage Stickiness
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Separations, Sorting, and Cyclical Unemployment
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The Real Effects of Monetary Shocks in Sticky Price Models: A Sufficient Statistic Approach
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High Discounts and High Unemployment
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Nominal Wage Rigidity in Village Labor Markets
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Monetary Policy, Bounded Rationality, and Incomplete Markets
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Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data
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The Timing of Monetary Policy Shocks
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The Limited Influence of Unemployment on the Wage Bargain
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Optimal Sticky Prices under Rational Inattention
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Does Wage Persistence Matter for Employment Fluctuations? Evidence from Displaced Workers
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Endogenous Separations, Wage Rigidities, and Unemployment Volatility
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Wage Rigidity and Employment Outcomes: Evidence from Administrative Data
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The Labor Market in the Great Recession
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Optimal Monetary Policy with Staggered Wage and Price Contracts
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Earnings dynamics and firm-level shocks
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The Cyclicality of Hires, Separations, and Job-to-Job Transitions
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The Great Resignation and Optimal Unemployment Insurance
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Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
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The Macroeconomics of Sticky Prices with Generalized Hazard Functions
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The Evolution of the Earnings Distribution in a Volatile Economy: Evidence from Argentina
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Stubborn Beliefs in Search Equilibrium
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Why Firms Lay Off Workers instead of Cutting Wages: Evidence from Matched Survey-Administrative Data
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Staggered Contracts and Unemployment during Recessions
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Sticky Wages on the Layoff Margin
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Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden
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The Labor Demand and Labor Supply Channels of Monetary Policy
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Downward Rigidity in the Wage for New Hires
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Nominal Devaluations, Inflation and Inequality
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Recursive Methods in Economic Dynamics
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Irreversibility, Uncertainty, and Cyclical Investment
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Inflation and Costs of Price Adjustment
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On the Efficiency of Matching and Related Models of Search and Unemployment
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Job Creation and Job Destruction in the Theory of Unemployment
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The General Theory of Employment, Interest and Money.
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Recursive Methods in Economic Dynamics
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Wage adjustment in efficient long-term employment relationships
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The Excess Sensitivity of Layoffs and Quits to Demand
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The Labor Market in the Great Recession
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The Macroeconomics of Sticky Prices with Generalized Hazard Functions
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Temporary Layoffs, Loss-of-Recall and Cyclical Unemployment Dynamics
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The Labor Demand and Labor Supply Channels of Monetary Policy
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Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
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Aggregate Dynamics in Lumpy Economies
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The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?
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The evolution of the earnings distribution in a volatile economy: Evidence from Argentina
inferredcites →https://doi.org/10.4159/9780674020900openalex-snapshot
Why Wages Don't Fall during a Recession
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Why wages don't fall during a recession
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Staggered Prices in a Utility-Maximizing Framework
What points at this work
Incoming claims: where this work appears in other papers’ reference lists and arguments.
inferred← citeshttps://doi.org/10.2139/ssrn.4847227openalex-extracted
Staggered Contracts and Unemployment During Recessions
inferred← citeshttps://doi.org/10.1016/j.jmoneco.2025.103830openalex-snapshot
Staggered contracts and unemployment during recessions
inferred← citeshttps://doi.org/10.1057/s41308-026-00317-1openalex-snapshot
Wage Erosion with Incomplete Markets: A Quantitative Analysis of the Costs of Inflation
inferred← citeshttps://doi.org/10.1093/qje/qjag007openalex-snapshot
A Theory of How Workers Keep up with Inflation
inferred← citeshttps://doi.org/10.1257/mac.20230002openalex-snapshot
Nominal Devaluations, Inflation, and Inequality
inferred← citeshttps://doi.org/10.4018/979-8-3693-8954-6.ch008openalex-snapshot
The Role of Corporate Governance in Achieving Sustainable Development Goals
inferred← citeshttps://doi.org/10.4018/979-8-3693-8954-6.ch009openalex-snapshot
Fiscal Governance in Response to Inflationary Shocks in Developed and Developing Countries
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