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coordinated wage bargaining systems have a dampening impact on inflation volatility. …
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-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
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monetary aggregates, inflation and the nominal interest rate. …
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