Search Results for nominal rigidities

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We argue that in an economy with downward nominal wage rigidity, the output gap is negative on...

The Italian economy has been struggling with low productivity growth and bank balance sheet ...

Interest rate policy in the newly reforming Central and Eastern European countries has generally...

This paper analyzes, in a public finance context, how the optimal use of the inflation and the...

This paper evaluates the Philippines' experience with different exchange regimes since 1970. It...

This paper examines the long-run effects of macroeconomic policy shocks on the behavior of...