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Optimal monetary policy with staggered wage and price contracts

Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - Federal Reserve Board (Board of Governors of the … - 1999

-optimal equilibrium that would occur under completely flexible wages and prices; that is, the model exhibits a tradeoff between … stabilizing the output gap, price inflation, and wage inflation. The Pareto optimum is attainable only if either wages or prices …

Persistent link: https://www.econbiz.de/10005712759

Price- and wage- inflation targeting - discussion

Leeper, Eric M. - In: Proceedings (2005), pp. 216-223

Persistent link: https://www.econbiz.de/10005514972

U.S. wage and price dynamics: a limited information approach

Sbordone, Argia M. - Federal Reserve Bank of New York - 2006

This paper analyzes the dynamics of prices and wages using a limited information approach to estimation. I estimate a … two-equation model for the determination of prices and wages derived from an optimization-based dynamic model in which … both goods and labor markets are monopolistically competitive; prices and wages can be reoptimized only at random intervals …

Persistent link: https://www.econbiz.de/10005420606

What do wages tell us about future inflation?

Bridgman, Benjamin; Trehan, Bharat - In: FRBSF Economic Letter (1996)

Persistent link: https://www.econbiz.de/10005346637

Does wage inflation cause price inflation?

Hess, Gregory D.; Schweitzer, Mark E. - In: Policy Discussion Papers (2000) Apr, pp. 1-14

earlier research into this question and finds little support for the view that higher wages cause higher prices. On the … contrary, more evidence is found for higher prices leading to wage growth. …

Persistent link: https://www.econbiz.de/10005389949

Tradeoffs between inflation and output-gap variances in an optimizing-agent model

Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - Federal Reserve Board (Board of Governors of the … - 1998

the special case in which prices are sticky and wages are perfectly flexible. When the model is calibrated to exhibit an …

Persistent link: https://www.econbiz.de/10005368225

Price- and wage- inflation targeting: variations on a theme by Erceg, Henderson, and Levin

Canzoneri, Matthew B.; Cumby, Robert E.; Diba, Behzad T. - In: Proceedings (2005), pp. 181-215

Persistent link: https://www.econbiz.de/10005410622

Long-run labor market dynamics and short-run inflation

Campbell, Jeffrey R.; Rissman, Ellen R. - In: Economic Perspectives (1994) Mar, pp. 15-27

Persistent link: https://www.econbiz.de/10005713123

Has the cost of disinflation declined?

Kahn, George A.; Weiner, Stuart E. - In: Economic Review (1990) May, pp. 5-24

Persistent link: https://www.econbiz.de/10005501283

Assessing DSGE model nonlinearities

Aruoba, S. Boragan; Bocola, Luigi; Schorfheide, Frank - Federal Reserve Bank of Philadelphia - 2013

We develop a new class of nonlinear time-series models to identify nonlinearities in the data and to evaluate nonlinear DSGE models. U.S. output growth and the federal funds rate display nonlinear conditional mean dynamics, while inflation and nominal wage growth feature conditional...

Persistent link: https://www.econbiz.de/10010718648