Inflation and labor market dynamics revisited

Tommy Sveen () and Lutz Weinke

Journal of Monetary Economics, 2009, vol. 56, issue 8, 1096-1100

Abstract: We demonstrate that the presence of an empirically plausible labor adjustment decision at the firm level rationalizes strategic complementarities in price-setting which help explain inflation dynamics. Those strategic complementarities are typically assumed away in the related existing literature. This motivates our revisiting of inflation and labor market dynamics.

Keywords: Labor; market; Inflation; dynamics (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:56:y:2009:i:8:p:1096-1100

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