Costain, James S.; Nakov, Anton; Petit, Borja - 2019
, principalmente, a la rigidez de los salarios, más que a la de los precios. Cuando el nivel de rigidez nominal depende del estado de … idiosyncratic productivity shocks and nominal rigidities. Stickiness arises because precise decisions are costly, so agents choose … macroeconomic evidence. Nonneutrality is primarily driven by wage rigidity, rather than price rigidity. State-dependent nominal …