Carroll, Christopher D.; Slacalek, Jirka; Sommer, Martin - Center for Financial Studies - 2008
Board, or management, or to the European Central Bank.
1 Carroll: Department of Economics, Johns Hopkins University ….com/, msommer@imf.org
1 Introduction
A large literature ranging across macroeconomics, nance, and international
economics has … wealth. The model there-
fore is similar to the Calvo (1983) model of price setting frequently used in
the monetary economics …