Cantore, Cristiano; Ferroni, Filippo; León-Ledesma, … - 2018
The New-Keynesian transmission mechanism of monetary policy has clear implications for the behavior of the labor share …. In the basic version of the model, the labor share is negatively related to the price markup and hence is pro … labor share and its components. We present a comprehensive cross country empirical analysis and find that the data are at …