Ascari, Guido; Merkl, Christian - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper analyzes the cost of disinflations under real wage rigidities in a micro-foundedNew Keynesian model. The … consensus is that real wage rigidities can be a useful mechanismto induce the inflation persistence that is absent in the …IZA DP No. 3049
Real Wage Rigidities and the Cost of Disinflations
Guido Ascari
Christian Merkl
DISCUSSION P
APER …