Blanchard, Olivier; Galí, Jordi - Center for Financial Studies - 2007
setting by firms. We derive the relation between inflation and unemployment and discuss how it is influenced by the presence … of real wage rigidities. We show the nature of the tradeoff between inflation and unemployment stabilization, and we draw … inflation and unemployment and
discuss how it is influenced by the presence of real wage rigidities. We show the nature of the …