We analyze the dynamics of inflation in an economy characterized by a forward-looking, staggered, price and wage determination process, and by monetary accommodation. In our model, inflation reconciles the conflicting claims of workers and firms. The model is capable of generating a positive...

We analyze the dynamics of inflation in an economy characterized by a forward-looking, staggered, price and wage determination process, and by monetary accommodation. In our model, inflation reconciles the conflicting claims of workers and firms. The model is capable of generating a positive...

Historical background -- I. The traditional approach: The rise of the college wage premium -- Early studies -- Trade versus technology -- Offshoring -- II. Broadening the canvas: Matching workers with jobs -- Regional disparity -- Firm characteristics -- Technology choice -- Residual inequality

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Preface -- Introduction -- 1. Historical Background -- Part I. The Traditional Approach -- 2. The Rise of the College Wage Premium -- 3. Early Studies -- 4. Trade versus Technology -- 5. Offshoring -- Part II. Broadening the Canvas --...