Endogenous Growth, Downward Wage Rigidities and Optimal Inflation /
Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions, endogenous productivity and downward wage rigidity (DWR) w...
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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2021/208 |
| Témata: | |
| On-line přístup: | Full text available on IMF |