American Economic Review· 2016Q1
Staggered Wage Setting in a Macro Model
- 961citations
- Q1SCImago
- 2016year
Short summary
A new macro model demonstrates that staggered wage setting, where wages are reset at different times, can lead to persistent inflation even when the long-run Phillips curve is vertical.
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General Economics, Econometrics and FinanceEconomics, Econometrics and Finance