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Wage stickiness and unemployment fluctuations: an alternative approach

Casares Polo, Miguel; Moreno, Antonio; Vázquez, Jesús (2009) Documento de trabajo / Lan gaiak,

Erceg, Henderson and Levin (2000, Journal of Monetary Economics) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations ...