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restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …
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restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary …
Persistent link: https://www.econbiz.de/10012753889
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responses of output, inflation, labor share and the nominal interest rate to a supply shock as identified through a structural …
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degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …
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degree of wage rigidity makes monetary policy more effective, i.e. a monetary policy shock transmits faster onto inflation … fluctuations. Our results point primarily towards disturbances in the bargaining process as a significant contributor to inflation …
Persistent link: https://www.econbiz.de/10003832582