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On staggered prices and optimal inflation
(2019)
info:eu-repo/semantics/workingPaper,
This paper computes the steady-state optimal rate of inflation assuming two different sticky-price
specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal
rate of inflation ...
Did US business dynamism recover in the 2010s?
(2021)
info:eu-repo/semantics/workingPaper,
We provide evidence that both firm and establishment entry rates in the US have been increasing over the past decade, seemingly ending the secular decline observed over previous decades. However, the job-size of new ...