Abo Zaid, Salem M. - 2011
2: Optimal Monetary Policy and Downward Nominal Wage Rigidity in Frictional Labor Markets.Empirical evidence suggests … search and matching framework under the presence of Downward Nominal Wage Rigidity (DNWR). In this environment, optimal … (DPI). When pass-through is high, an economy with high degrees of nominal wage rigidity and wage indexation should either …