Real Wage Rigidities and the Cost of Disinflations

This paper analyzes the cost of disinflations under real wage rigidities in a micro-foundedNew Keynesian model. The consensus is that real wage rigidities can be a useful mechanismto induce the inflation persistence that is absent in the standard Calvo model...

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Year of publication:	2007-09-01
Authors:	Ascari, Guido ; Merkl, Christian
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Stabilität \| Effektivlohn \| real wage rigidities \| Disinflation \| disinflation

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Extent:	356352 bytes 22 p. application/pdf
Series:	IZA - Forschungsinstitut zur Zukunft der Arbeit - Discussion Papers IZA Discussion Paper ; No. 3049 (2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	E31 - Price Level; Inflation; Deflation ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; Ergonomic job analysis ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005861857