Monetary policy implications of state-dependent prices and wages
"We study the effects of monetary shocks in a model of state-dependent price and wage adjustment based on “control costs”. Suppliers of retail goods and of labor are both monopolistic competitors that face idiosyncratic productivity shocks and nominal rigidities. Stickiness arises because preci...
| Main Authors: | , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Frankfurt am Main
2019
ECB |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19307736124911259189-Monetary-policy-implications-o.htm |
