Showing 1 - 10 of 153
What is the role of contracting schemes for the welfare costs of nominal rigidities over the business cycle? We examine 4 different modeling schemes of nominal rigidities that all have the same average duration of contracts. We find that Calvo (1983) wage and price contracts may deliver welfare...
Persistent link: https://www.econbiz.de/10003029728
Persistent link: https://www.econbiz.de/10003775531
Persistent link: https://www.econbiz.de/10003676394
Persistent link: https://www.econbiz.de/10003924241
Persistent link: https://www.econbiz.de/10009158098
Persistent link: https://www.econbiz.de/10009688253
Persistent link: https://www.econbiz.de/10009690466
Persistent link: https://www.econbiz.de/10009619097
Persistent link: https://www.econbiz.de/10009412228
Persistent link: https://www.econbiz.de/10009757049