Lawless, Martina (contributor); Whelan, Karl (contributor) - 2007
wage and price dynamics. Recent empirical implementations stress the idea that these models link inflation to the behavior … declining in inflation and labor shares in Euro area. In this paper, we show that with realistic parameters, the canonical Calvo … INFLATION
by Martina Lawless
and Karl Whelan
ECB/CEPR LABOUR
MARKET WORKSHOP ON
WAGE AND LABOUR
COST DYNAMICS
In 2007 all …