Macroeconomic Dynamics with Rigid Wage Contracts
收藏NBER2021-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29540
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资源简介：
We adapt the wage contracting structure in Chari (1983) to a dynamic, balanced-growth setting with re-contracting la Calvo (1983). The resulting wage-rigidity framework delivers a model very similar to that in Jaimovich and Rebelo (2009), with their habit parameter replaced by our probability of
提供机构：
美国国家经济研究局
创建时间：
2021-12-01
