Coordination, Fair Treatment and Inflation Persistence
收藏NBER2002-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9174
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资源简介：
Most wage-contracting models with rational expectations fail to replicate the persistence in inflation observed in the data. We argue that coordination problems and multiple equilibria are the keys to explaining inflation persistence. We develop a wage-contracting model in which workers are
提供机构：
美国国家经济研究局
创建时间：
2002-09-01
