Edge, Rochelle M.; Laubach, Thomas; Williams, John C. - Federal Reserve Board (Board of Governors of the … - 2003
-founded dynamic general equilibrium (DGE) model of the U.S. economy with sticky wages and sticky prices using impulse responses to … for significant inertia in wages and some intrinsic inertia in nominal wage inflation. Our results provide support for the …The Responses of Wages and Prices to Technology Shocks
Rochelle M. Edge,
y
Thomas Laubach,
z
and John C. Williams
x …