on wage flexibility in the United States and elsewhere has focused on the possibility of downward nominal wage rigidity … survey collected by the Bureau of Labor Statistics to investigate the extent to which downward nominal wage rigidity is … present in U.S. labor markets. We use several distinct methods proposed in the literature to test for downward nominal wage …

The links between real and nominal bond risk premia and macroeconomic dynamics are explored quantitatively in a model … with nominal rigidities and monetary policy. The estimated model captures macroeconomic and yield curve properties of the U ….S. economy, implying significantly positive real term and inflation risk bond premia. In contrast to previous literature, both …