| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967080 | Journal of Monetary Economics | 2009 | 5 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tommy Sveen, Lutz Weinke,