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Price/Wage Staggering and Persistence: A Unifying Framework

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  • Guido Ascari

Abstract

. In this paper, we provide a general unified framework to clarify the issue of persistence of real effects of money shocks in staggered wage/price models. We mainly aim to: (i) highlight which features of the underlying economy, and particularly of the labour market, are crucial for generating output persistence; (ii) analyse the differences between price and wage staggering.

Suggested Citation

  • Guido Ascari, 2003. "Price/Wage Staggering and Persistence: A Unifying Framework," Journal of Economic Surveys, Wiley Blackwell, vol. 17(4), pages 511-540, September.
    • Handle: RePEc:bla:jecsur:v:17:y:2003:i:4:p:511-540
    DOI: 10.1111/1467-6419.00203
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    References listed on IDEAS

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