After many years, many critiques, and many variations, the staggered wage and price setting model is still the most common method of incorporating nominal rigid
Abstract: This paper reviews the role of temporary price and wage rigidities in explaining the dynamic relationship between money, real output, and inflation. I
Handbook of Macroeconomics Volumes 2A and 2B surveys major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguish
This text aims to provide a survey of the state of knowledge in the broad area that includes the theories and facts of economic growth and economic fluctuations