Edge, Rochelle M. (contributor); Laubach, Thomas (contributor) - 2003 - [Elektronische Ressource]
December 10, 2003
Abstract
This paper reexamines wage and price dynamics in response to permanent shocks to
productivity. We … dynamics in an optimization-based dynamic general equilibrium
framework in which we explicitly model the joint determination of …, Christiano, Eichenbaum,
and Linde (2002). Importantly, the dynamics of nominal and real variables are determined
by rst …