De la Croix, David (contributor); … - 2007
firm's productivity gains in the fair wage is not. Looking at the implications for monetary policy, we conclude that the …, effort, inflation persistence, monetary policy.
JEL Classification numbers: E4, E5.
4
ECB
Working Paper Series No 780
July … employment deci-
sions. Therefore, a monetary policy that concentrates on stabilizing the inflation pro-
8
ECB
Working Paper …