Gains from wage Flexibility and the Zero Lower Bound
收藏NBER2020-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27386
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资源简介：
We analyze the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally amplifies the adverse effects of greater wage flexibility on welfare when the central bank
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美国国家经济研究局创建时间：
2020-06-01
