Search Results for Nominal Rigidities

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In this paper, we investigate the mechanisms through which import tariffs impact the macroeconomy...

Wage setters take into account the future consequences of their current wage choices in the...

In recent years, many countries have successfully reduced their inflation rates to relatively low...

Using both regression- and VAR-based estimates, the paper finds that the exchange rate...

Our answer: Not so well. We reached that conclusion after reviewing recent research on the role...

This paper focuses on the trade-off faced by governments in deciding the allocation of public...