Gerke, Rafael; Rubart, Jens - In: The IUP Journal of Monetary Economics IV (2006) 2, pp. 52-72
The question of the main determinants of persistent responses due to nominal shocks captures, at least since Chari et al. (2000), a major part of the recent macroeconomic debate. However, the question whether sticky wages and/or sticky prices are sufficient for persistent reactions of key...