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Wage stickiness and unemployment fluctuations: an alternative approach

Casares Polo, Miguel ; Moreno, Antonio ; Vázquez, Jesús (Springer, 2012) Artículo / Artikulua

Erceg et al. (J Monet Econ 46:281–313, 2000) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations into a New-Keynesian ...