Dufour, Jean-Marie; Khalaf, Lynda; Kichian, Maral - In: Computational Statistics & Data Analysis 54 (2010) 11, pp. 2554-2561
Real wage rigidities have recently been proposed as a way of building intrinsic persistence in inflation within the context of New Keynesian Phillips Curves. Using two recent structural models, the importance of real wage rigidities in the data, and the extent to which such models provide useful...