The Negative Mean Output Gap /

The Negative Mean Output Gap /

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple New...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir:	Aiyar, Shekhar
Rannpháirtithe:	Voigts, Simon
Formáid:	IRIS
Teanga:	English
Foilsithe / Cruthaithe:	Washington, D.C. : International Monetary Fund, 2019.
Sraith:	IMF Working Papers; Working Paper ; No. 2019/183
Rochtain ar líne:	Full text available on IMF

Míreanna comhchosúla

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The Utilization-Adjusted Output Gap : Is the Russian Economy Overheating? /
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What Is in Your Output Gap? : Unified Framework and Decomposition into Observables /
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Foilsithe / Cruthaithe: (2013)

Labor Market Slack and the Output Gap : The Case of Korea /
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Structural Balance Targeting and Output Gap Uncertainty /
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Output Gap Uncertainty and Real-Time Monetary Policy /
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Negative indefinites
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Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs /
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Negative View of Democracy

Music and the Politics of Negation
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Africans and Negative Competition in Canadian Factories
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Bridging the gaps :

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Mind the Gap
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Meaning in the Media
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The Meaning of Citizenship
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