Search with Wage Posting under Sticky Prices
通过比较新凯恩斯模型的不同变体，考察定价摩擦、劳动力市场摩擦和消费风险之间的相互作用，发现招聘与定价决策是否整合会影响经济对失业救济金变化或低于目标通胀的反应。
Abstract This paper examines the implications of interacting pricing frictions, labor market frictions, and consumption risk by comparing variants of a New Keynesian model. The model variants make alternative assumptions about whether hiring and pricing decisions occur within the same firm or across different firms, and whether workers pool income. Each model implies the same contract is offered to workers, making model comparisons transparent. The economy's response to changes in unemployment benefits or persistently below‐target inflation depends on whether hiring and pricing decisions are integrated. The dynamics following technology or monetary shocks are shaped both by firm‐ and worker‐level assumptions.