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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/3956
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Ascari, Guido | | en_US |
| dc.contributor.author | | Merkl, Christian | | en_US |
| dc.date.accessioned | | 2009-01-28T14:15:57Z | | - |
| dc.date.available | | 2009-01-28T14:15:57Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.citation | | Kiel working paper Institut für Weltwirtschaft, Kiel 1312 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/3956 | | - |
| dc.description.abstract | | This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keynesian model. Unlike Blanchard and Galí (2007) who carried out a similar analysis in a linearized framework, we take non- linearities into account. We show that the results change dramatically, both qualitatively and quantitatively, for the steady states and for the dynamic adjustment paths. In particular, a disinflation implies a prolonged slump without any need for real wage rigidities. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kieler Arbeitspapiere 1312 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | E31 | | en_US |
| dc.subject.ddc | | 330 | | - |
| dc.subject.keyword | | Disinflation | | en_US |
| dc.subject.keyword | | Sticky Prices | | - |
| dc.subject.keyword | | Real Rigidities | | - |
| dc.subject.stw | | Reallohn | | en_US |
| dc.subject.stw | | Lohnrigidität | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Geldpolitisches Ziel | | en_US |
| dc.subject.stw | | Ungleichgewichtstheorie | | en_US |
| dc.subject.stw | | New-Keynesian Phillips Curve | | en_US |
| dc.title | | Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 523976569 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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