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~person:"Snower, Dennis J."
~isPartOf:"Kiel Working Paper"
~subject:"Ungleichgewichtstheorie"
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Quadratic labor adjustment costs and the New-Keynesian model
Lechthaler, Wolfgang
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Snower, Dennis J.
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2008
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence.
Persistent link: https://www.econbiz.de/10010263522
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