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Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí
Ascari, Guido; Merkl, Christian - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike … adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. …
Persistent link: https://www.econbiz.de/10010325610
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Real Wage Rigidities and Disinflation Dynamics: Calvo vs. Rotemberg Pricing
Ascari, Guido; Rossi, Lorenza - 2010
Calvo pricing implies output gains, while Rotemberg pricing implies output losses after a disinflation. Introducing …
Persistent link: https://www.econbiz.de/10010343894
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Credible disinflation and delayed slumps under real wage rigidity
Tesfaselassie, Mewael F. - 2014
The paper studies the effects of credible disinflation in the presence of real wage rigidity, comparing the Calvo and …, gradual disinflation is shown to lead to a delayed slump in output along the transition path. The delayed-slump result is …
Persistent link: https://www.econbiz.de/10010357934
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Real wage rigidities and the cost of disinflations
Ascari, Guido; Merkl, Christian - 2007
inflation target of the monetary policy. -- Disinflation ; sticky prices ; real wage rigidities ; nonlinearities …
Persistent link: https://www.econbiz.de/10010277969
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Sticky wages, incomplete pass-through and inflation targeting : what is the right index to target?
Abo-Zaid, Salem M. - 2009
This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and rigid nominal wages. The paper shows that, when nominal wages are fully flexible and pass-through is low to moderate, the monetary authority should target the consumer price...
Persistent link: https://www.econbiz.de/10011523924
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Ausmaß und reale Konsequenzen nach unten starrer Nominallöhne : eine Untersuchung für den deutschen Arbeitsmarkt
Bläs, Barno - 2008
Dieser Beitrag analysiert die Existenz, das Ausmaß sowie die realwirtschaftlichen Implikationen nach unten starrer Nominallöhne in Deutschland. Unter Verwendung von drei alternativen Modellvarianten für die proportionale Abwärtsnominallohnstarrheit wird auf Grundlage der...
Persistent link: https://www.econbiz.de/10009746167
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai - 2016
Persistent link: https://www.econbiz.de/10012991192
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai - 2006
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...
Persistent link: https://www.econbiz.de/10012783591
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Real wage rigidities and the cost of disinflations
Ascari, Guido (contributor); Merkl, Christian (contributor) - 2007
inflation target of the monetary policy. -- Disinflation ; sticky prices ; real wage rigidities ; nonlinearities …
Persistent link: https://www.econbiz.de/10003561618
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Real wage rigidities and the cost of disinflations : a comment on Blanchard and Galí
Ascari, Guido (contributor); Merkl, Christian (contributor) - 2007
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike … adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities …. -- Disinflation ; Sticky Prices ; Real Rigidities …
Persistent link: https://www.econbiz.de/10003747761