What Does Downward Nominal Wage Rigidity Imply For Monetary Policy
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What Does Downward Nominal-wage Rigidity Imply for Monetary Policy?
| Author | : Bank of Canada |
| Publisher | : |
| Total Pages | : 29 |
| Release | : 1997 |
| Genre | : Inflation (Finance) |
| ISBN | : 9780662258742 |
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Wage setters take into account the future consequences of their current wage choices in the presence of downward nominal wage rigidities. Several interesting im
