Edge, Rochelle M. (contributor); Laubach, Thomas (contributor) - 2003 - [Elektronische Ressource]
Wouters (2002) estimate their model on Euro-area data and
nd about 40 percent price indexation, which translates into a coe … Euro-area data, about 66 percent wage
indexation. As in the case of prices, Christiano et al. (2001) assume that all non … impulse responses to
technology and monetary policy shocks. We utilize a flexible speci cation for wage-
and price …