NIKOLOSKI, KRUME; ALEKSOSKI, OGNEN; PETRUSHEVA, BORKA - In: Annals - Economy Series 1I (2015) January, pp. 17-21
In this paper I study the relation between real wage rigidity and nominal price and wage rigidities. We formulate a generalized price-setting framework that incorporates staggered contracts of multiple durations and that enables us to directly identify the influences of nominal vs. real...