Christoffel, Kai; Costain, James S.; De Walque, Gregory; … - European Central Bank - 2009
, Business Cycle, Real Rigidities.
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ECB
Working Paper Series No 1053
May 2009
Non-Technical Summary
The main task of central … model is
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ECB
Working Paper Series No 1053
May 2009
combined with the assumption that once employers and employees have …�ected matter much less for in�ation dynamics.
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ECB
Working Paper Series No 1053
May 2009
1 Introduction and motivation
The key …