Johri, Alok - Department of Economics, McMaster University - 2005
://socserv.socsci.mcmaster.ca/~econ/
Learning-by-doing and Endogenous
Price-level Inertia
Alok Johri
Department of Economics,
McMaster University
May 2005
Abstract …, Business Cycles, In‡a-
tion, Nominal rigidities, Learning-by-doing, Propagation mechanisms.
1
1 Introduction
There has been a … novel feature is learning-
by-doing. Firms desire to accumulate production experience because it is an
input in the …