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  • Search: subject:"Intertemporal wedge smoothing"
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Subject
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Downward nominal wage rigidity 2 Intertemporal wedge smoothing 2 Labor market frictions 2 Long-run inflation rate 2 Optimal monetary policy 2 Arbeitsmarkt 1 Arbeitsmarktflexibilität 1 Geldpolitik 1 Inflation rate 1 Inflationsrate 1 Labour market 1 Labour market flexibility 1 Lohnrigidität 1 Monetary policy 1 Neoclassical synthesis 1 Neoklassische Synthese 1 Theorie 1 Theory 1 Wage rigidity 1
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Article 2
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Article in journal 1 Aufsatz in Zeitschrift 1
Language
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English 1 Undetermined 1
Author
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Abo-Zaid, Salem 2
Published in...
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Journal of Economic Dynamics and Control 1 Journal of economic dynamics & control 1
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ECONIS (ZBW) 1 RePEc 1
Showing 1 - 2 of 2
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Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
Abo-Zaid, Salem - In: Journal of Economic Dynamics and Control 37 (2013) 1, pp. 345-364
This paper studies the optimal long-run inflation rate in a labor search and matching framework in the presence of downward nominal wage rigidity. Optimal monetary policy features positive inflation in the long run; the optimal annual long-run inflation rate for the U.S. economy is slightly...
Persistent link: https://www.econbiz.de/10011051955
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Cover Image
Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
Abo-Zaid, Salem - In: Journal of economic dynamics & control 37 (2013) 1, pp. 345-364
Persistent link: https://www.econbiz.de/10009703570
Saved in:
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