Search Results for downward wage rigidities

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This paper provides a synthesis of existing and new empirical perspectives on the structure of...

A New Keynesian model with government production, public compensation, and unemployment is fit to...

This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode....

We propose a new approach to test the full-information rational expectations hypothesis which can...

This paper presents a statistical and economic interpretation of the low and often economically...

This 2014 Article IV Consultation highlights that with a strong policy framework, Luxembourg has...