| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 984405 | Research in Economics | 2011 | 5 Pages |
Abstract
⺠We study wage setting and monetary policy when the latter is not fully transparent. ⺠Greater monetary strictness may lead to a rise in both real wages and unemployment. ⺠This is the likely outcome if policy is seen as accommodating and unpredictable. ⺠Our results match the evidence that real wages and unemployment comove positively.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marcelo Sánchez,