The Equivalence of Wage and Price Staggering in Monetary Business Cycle Models

Preprint

1 January 2000

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.237282

Abstract

Chari, Kehoe, and McGratten's (1998) finding that a standard monetary business cycle model with staggered price setting is unable to generate sufficiently persi

Keywords

TAYLOR-CONTRACTING
OUTPUT PERSISTENCE
STICKY PRICES
STICKY WAGES
FIRM-SPECIFIC FACTOR INPUTS

All Related Versions

Version 1, 2000-01-01, RePEc (Unconfirmed version)

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