Productivity Growth and Volatility: How Important Are Wage and Price Rigidities?
Barbara Annicchiarico () and
Alessandra Pelloni ()
Working Paper series from Rimini Centre for Economic Analysis
We study the implications of having different sources of nominal rigidities on the relationship between productivity growth and shocks volatility in a model with pro-cyclical R&D and imperfect competition in goods and labour markets. We show that the effects of uncertainty on long-term growth not only depend on the source of fluctuations, as recent literature shows, but also, and crucially, on whether prices and/or wages are rigid.
Keywords: Productivity growth; volatility; nominal rigidities; uncertainty (search for similar items in EconPapers)
JEL-codes: E32 E52 O42 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Journal Article: Productivity growth and volatility: how important are wage and price rigidities? (2014)
Working Paper: Productivity Growth and Volatility: How Important are Wage and Price Rigidities? (2011)
Working Paper: Productivity growth and volatility: How important are wage and price rigidities? (2011)
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:rim:rimwps:02_13
Access Statistics for this paper
More papers in Working Paper series from Rimini Centre for Economic Analysis Contact information at EDIRC.
Bibliographic data for series maintained by Marco Savioli ().