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