Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24847
Authors: 
Lechthaler, Wolfgang
Snower, Dennis J.
Year of Publication: 
2008
Series/Report no.: 
Kiel Working Paper 1453
Abstract: 
We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this is sufficient to increase both, output and inflation persistence.
Subjects: 
monetary persistence
labor adjustment costs
JEL: 
E24
E32
E52
J23
Document Type: 
Working Paper

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