Comparing Two Variants of Calvo-Type Wage Stickiness
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We compare two ways of modeling Calvo-type wage stickiness. One in which each household is the monopolistic supplier of a differentiated type of labor input (as in Erceg, et al., 2000) and one in which households supply a homogenous labor input that is transformed by monopolistically competitive
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美国国家经济研究局创建时间：
2006-12-01
