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an expansionary shock to monetary policy. Of these features, the most important are staggered wage contracts of average …
Persistent link: https://www.econbiz.de/10013223053
rigidities impede policymakers' ability to control inflation. And third, we describe how alternative shock/rigidity combinations …
Persistent link: https://www.econbiz.de/10013223871
This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of quantitative inertia, after discussing...
Persistent link: https://www.econbiz.de/10013316832
an expansionary shock to monetary policy. Of these features, the most important are staggered wage contracts of average …
Persistent link: https://www.econbiz.de/10012470317
an expansionary shock to monetary policy. Of these features, the most important are staggered wage contracts of average …
Persistent link: https://www.econbiz.de/10014125007
expansionary shock to monetary policy. Of these features, the most important are staggered wage contracts that have an average …
Persistent link: https://www.econbiz.de/10014067575
Persistent link: https://www.econbiz.de/10014383625
Persistent link: https://www.econbiz.de/10012373015
and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the …
Persistent link: https://www.econbiz.de/10012121979
Persistent link: https://www.econbiz.de/10013358251