Non-Price Competition, Real Rigidities and Inflation Dynamics
نویسندگان
چکیده
منابع مشابه
Search Frictions , Real Rigidities and Inflation Dynamics Carlos
The standard New Keynesian model suffers from the so-called .macro-micro pricing conflict: in order to match the dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is much longer than what is observed in micro data. Here I show how departing from the standard model’s assumption of a perfectly competitive labor market can h...
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ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2010
ISSN: 1935-1690
DOI: 10.2202/1935-1690.1946