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Taylor contracting
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output persistence
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sticky prices
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The Equivalence of Wage and Price Staggering in Monetary Business Cycle Models
Edge, Rochelle M.
- In:
Review of Economic Dynamics
5
(
2002
)
3
,
pp. 559-585
assumption that identical inputs are used by all firms, and demonstrates that, by assuming
firm-specific
factor
inputs
the …
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