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, a monetized version of the model which stresses sticky wages and a Taylorrule based monetary policy naturally generates …
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the wages they pay-- decrease before the technology becomes available. When the new technology arrives, the market value … of new firms rises, investment and average wages increase, but endogenous gradual adoption results in temporary wage …
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the wages they pay-- decrease before the technology becomes available. When the new technology arrives, the market value … of new firms rises, investment and average wages increase, but endogenous gradual adoption results in temporary wage …
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