Edge, Rochelle M. (contributor); Laubach, Thomas (contributor) - 2003 - [Elektronische Ressource]
The Responses of Wages and Prices to Technology Shocks
Rochelle M. Edge,
y
Thomas Laubach,
z
and John C. Williams
x … estimate a micro-founded dynamic general equilibrium (DGE) model
of the U.S. economy with sticky wages and sticky prices using … front, we
nd evidence for signi cant inertia in wages and some intrinsic inertia in nominal wage
inflation. Our results …