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Pricing complementarities play a key role in determining the propagation of monetary disturbances in sticky price models. We propose a procedure to infer the degree of firm-level pricing complementarities in the context of a menu cost model of price adjustment using data on prices and market...
Persistent link: https://www.econbiz.de/10012465194
In this paper, we show that labor-market adjustment to immigration differs across tradable and nontradable occupations … occupation labor payments is consistent with adjustment to immigration within tradables occurring more through changes in output … changes in U.S. immigration …
Persistent link: https://www.econbiz.de/10012455351