Amano, Robert; Carter, Tom; Moran, Kevin - Centre Interuniversitaire de Recherche en Analyse des … - 2012
The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models. We therefore integrate staggered price- and wage-setting into an...
