Carlsson, Mikael; Westermark, Andreas - Sveriges Riksbank - 2007
We develop a New Keynesian model with staggered price and wage setting where downward nominal wage rigidity (DNWR …SverigeS rikSbank
working paper SerieS 206
optimal Monetary policy
under Downward nominal
wage rigidity
Mikael …
We develop a New Keynesian model with staggered price and wage setting where downward
nominal wage rigidity (DNWR) arises …