Optimizing Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks

Guido Ascari

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: In this paper we incorporate staggered wage setting a la Taylor (1979) into an optimizing dynamic general equilibrium framework. The aim is to study whether staggered wages could induce a high degree of persistence in the real effects of money shocks, as some recent studies have suggested.

Keywords: WAGES; OPTIMIZATION (search for similar items in EconPapers)
JEL-codes: E31 E32 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1997
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Optimising Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks (2000)
Working Paper: OPTIMISING AGENTS, STAGGERED WAGES AND PERSISTENCE IN THE REAL EFFECTS OF MONEY SHOCKS (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:486

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