Productivity Growth and Volatility : How Important are Wage and Price Rigidities?

We study the implications of having different sources of nominal rigidities on the relationship between productivity growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labor markets. We show that the effects of uncertainty on long-term growth not only depends on the source of fluctuations, as recent literature shows, but also, and crucially, on whether prices and/or wages are rigid

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Year of publication:	2011
Authors:	Pelloni, Alessandra
Other Persons:	Annicchiarico, Barbara (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Preisrigidität \| Price stickiness \| Produktivität \| Productivity \| Volatilität \| Volatility \| Lohnrigidität \| Wage rigidity \| Schätzung \| Estimation \| Wirtschaftswachstum \| Economic growth

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Extent:	1 Online-Ressource (27 p)
Series:	CEIS Working Paper ; No. 211
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September, 26 2011 erstellt
Other identifiers:	10.2139/ssrn.1933706 [DOI]
Classification:	E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; O42 - Monetary Growth Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013120110