摘要 : This paper studies the optimal long-run inflation rate in a labor search and matching framework in the presence of downward nominal wage rigidity. Optimal monetary policy features positive inflation in the long run; the optimal an... 展开
作者 | Salem Abo-Zaid |
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作者单位 | |
期刊名称 | 《Journal of Economic Dynamics and Control》 |
页码/总页数 | 345-364 / 20 |
语种 | 英语 |
关键词 | downward nominal wage rigidity optimal monetary policy long-run inflation rate labor market frictions intertemporal wedge smoothing |
DOI | 10.1016/j.jedc.2012.09.003 |
馆藏号 | F-112 |