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FDI and spillovers in the Swiss services/construction industry : interaction effects between spillover mechanisms and domestic technological characteristics

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Monetary Persistence, Imperfect Competition, and Staggering Complementarities

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This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of quantitative inertia, after discussing...

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