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https://hdl.handle.net/10419/3956
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Ascari, Guido | en |
dc.contributor.author | Merkl, Christian | en |
dc.date.accessioned | 2009-01-28T14:15:57Z | - |
dc.date.available | 2009-01-28T14:15:57Z | - |
dc.date.issued | 2007 | - |
dc.identifier.uri | http://hdl.handle.net/10419/3956 | - |
dc.description.abstract | This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike Blanchard and Galí (2007) who carried out a similar analysis in a linearized framework, we take non- linearities into account. We show that the results change dramatically, both qualitatively and quantitatively, for the steady states and for the dynamic adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. | en |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for the World Economy (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x1312 | en |
dc.subject.jel | E52 | en |
dc.subject.jel | E31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Sticky Prices | en |
dc.subject.keyword | Real Rigidities | en |
dc.subject.keyword | Disinflation | en |
dc.subject.stw | Reallohn | en |
dc.subject.stw | Lohnrigidität | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Geldpolitisches Ziel | en |
dc.subject.stw | Ungleichgewichtstheorie | en |
dc.subject.stw | New-Keynesian Phillips Curve | en |
dc.title | Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 523976569 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:1312 | en |
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