@TechReport{iza:izadps:dp2528,
            	author={Bodart, Vincent and Walque, Gregory De and Pierrard, Olivier and Sneessens, Henri R. and Wouters, Raf},
            	title={Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment},
            	year={2006},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={2528},
            	url={https://www.iza.org/publications/dp2528},
	abstract={In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple shocks. The model generates realistic statistics for the important labor market variables.},
	keywords={DSGE;search and matching;nominal wage rigidity;monetary policy},
            }