The Micro and Macro of Downward Nominal Wage Rigidity
Stefano Gnocchi () and
Bank of Canada Review, 2016, vol. 2016, issue Spring, 15-28
The article examines the extent of downward nominal wage rigidity in Canada and its implications for monetary policy. The authors ask whether its existence is a sufficient argument for a higher inflation target if concerns about the effective lower bound are adequately addressed.
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.bankofcanada.ca/wp-content/uploads/2016 ... w-spring16-amano.pdf full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bca:bcarev:v:2016:y:2016:i:spring16:p:15-28
Access Statistics for this article
More articles in Bank of Canada Review from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada.
Bibliographic data for series maintained by ().