{"title":"Price/Wage Staggering and Persistence: A Unifying Framework","authors":"G. Ascari","doi":"10.1111/1467-6419.00203","DOIUrl":null,"url":null,"abstract":"In this paper, we provide a general unified framework to clarify the issue of persistence of real effects of money shocks in staggered wage/price models. We mainly aim to: (i) highlight which features of the underlying economy, and particularly of the labour market, are crucial for generating output persistence; (ii) analyse the differences between price and wage staggering. Copyright Blackwell Publishing Ltd, 2003.","PeriodicalId":336613,"journal":{"name":"Wiley-Blackwell: Journal of Economic Surveys","volume":"301 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2003-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"58","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Wiley-Blackwell: Journal of Economic Surveys","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/1467-6419.00203","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 58
Abstract
In this paper, we provide a general unified framework to clarify the issue of persistence of real effects of money shocks in staggered wage/price models. We mainly aim to: (i) highlight which features of the underlying economy, and particularly of the labour market, are crucial for generating output persistence; (ii) analyse the differences between price and wage staggering. Copyright Blackwell Publishing Ltd, 2003.
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