Identifying Inflation's Grease and Sand Effects in the Labor Market
收藏NBER1997-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6061
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资源简介：
Inflation has been accused of causing distortionary price and wage fluctuations (sand) as well as lauded for facilitating adjustments to shocks when wages are rigid downwards (grease). This paper investigates whether these two effects can be distinguished from each other in a labor market by the
提供机构：
美国国家经济研究局
创建时间：
1997-06-01
