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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3956Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Ascari, Guido | - |
| dc.creator | Merkl, Christian | - |
| dc.date | 2007 | - |
| dc.date.accessioned | 2013-10-16T06:04:17Z | - |
| dc.date.available | 2013-10-16T06:04:17Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | Kiel working paper Institut für Weltwirtschaft, Kiel 1312 | - |
| dc.identifier | http://hdl.handle.net/10419/3956 | - |
| dc.identifier | ppn:523976569 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3956 | - |
| dc.description | This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike Blanchard and Galí (2007) who carried out a similar analysis in a linearized framework, we take non- linearities into account. We show that the results change dramatically, both qualitatively and quantitatively, for the steady states and for the dynamic adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1312 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E52 | - |
| dc.subject | E31 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Disinflation | - |
| dc.subject | Sticky Prices | - |
| dc.subject | Real Rigidities | - |
| dc.subject | Reallohn | - |
| dc.subject | Lohnrigidität | - |
| dc.subject | Arbeitslosigkeit | - |
| dc.subject | Geldpolitisches Ziel | - |
| dc.subject | Ungleichgewichtstheorie | - |
| dc.subject | New-Keynesian Phillips Curve | - |
| dc.title | Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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