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Wage and Price Rigidity in a Monetary Union

Author

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  • Bernardino Adao
  • Isabel Correia
  • Pedro Teles

Abstract

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Suggested Citation

  • Bernardino Adao & Isabel Correia & Pedro Teles, 2010. "Wage and Price Rigidity in a Monetary Union," Open Economies Review, Springer, vol. 21(1), pages 109-126, February.
    • Handle: RePEc:kap:openec:v:21:y:2010:i:1:p:109-126
    DOI: 10.1007/s11079-009-9156-2
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    References listed on IDEAS

    as
    1. Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2008. "Optimal Fiscal and Monetary Policy: Equivalence Results," Journal of Political Economy, University of Chicago Press, vol. 116(1), pages 141-170, February.
    2. Adao, Bernardino & Correia, Isabel & Teles, Pedro, 2009. "On the relevance of exchange rate regimes for stabilization policy," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1468-1488, July.
    3. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Hyuk Jae Rhee & Jeongseok Song, 2017. "Real Wage Flexibility, Economic Fluctuations, and Exchange Rate Regimes," Open Economies Review, Springer, vol. 28(4), pages 633-659, September.

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    More about this item

    Keywords

    Monetary union; Fixed exchange rates; Fiscal and monetary policy; Stabilization policy; Sticky prices; Sticky wages; E31; E50; E63; F20; F31; F33; F41; F42;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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