Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with … dynamic general equilibrium model, we show that the interaction of
staggered nominal contracts with hyperbolic discounting …
Keywords: inflation, unemployment, Phillips curve, nominal inertia, monetary policy,
dynamic general equilibrium …