Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023
Considerable micro-level evidence suggests that price/wage contract durations fluctuate with the state of the economy … into an open economy DSGE model to investigate the evidence of state-dependence in the UK economy's postwar behaviour. The …, monetary policy affects the degree to which the economy is close to the NK world, which in turn indirectly affects the response …