Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters
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https://www.nber.org/papers/w21599
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资源简介：
We formulate a medium-scale DSGE model that emphasizes a strong interplay between a roundabout production structure and a working capital channel that requires firms to borrow funds to finance the costs of all their variable inputs and not just the wage bill. Despite an absence of backward-looking
提供机构：
美国国家经济研究局
创建时间：
2015-09-01
