We provide a new channel through which monetary policy has distributional consequences at business cycle frequencies. show that an unexpected easing increases labor income inequality between high-skilled and less-skilled workers. To rationalize these findings, we build New Keynesian DSGE model with asymmetric search-and-matching (SAM) frictions capital-skill complementarity (CSC) in production....

Article history: Received 2 July 2007 Revised 16 September 2008 Available online 26 September 2008 JEL classification: E21 E25 E62

Article history: Received 13 January 2011 Received in revised form 7 May 2014 Available online xxxx JEL classification: D51 E20 E32 E63

Article history: Received 20 August 2010 Received in revised form 24 October 2013 Available online 31 October 2013 JEL classification: E32 D43

We build an endogenous growth model with automation (the replacement of low-skill workers machines) and horizontal innovation creation new products). Over time, the share innovations endogenously increases through increase in wages, leading to skill premium a decline labor share. calibrate US economy show that it quantitatively replicates paths premium, share, productivity. Our offers perspecti...

Odv-e25 is a core gene of baculoviruses and encodes a 25.5 kDa protein located on both budded virus (BV) and occlusion-derived virus (ODV). Our previous study demonstrated that ODV-E25 was required for the formation of intranuclear microvesicles and ODV, and an odv-e25 deletion mutant could be rescued by re-expression of odv-e25 under its native promoter. To investigate the functions of ODV-E25...