How Well Does a Small Structural Model with Sticky Prices and Wages Fit Postwar U.S. Data?

In this paper, we ask whether a small structural model with sticky prices and wages, embedding various modelling devices designed to increase the degree of strategic complementarity between price-setters, can fit postwar US data. To answer this question, we resort to a two-step empirical evaluation...

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Bibliographic details
Main Author: Poilly, Céline
Matheron, Julien
Format: Paper
Language: English
Place of publication: 01.04.2006
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2006/04
Series: THEMA Working Papers
Subjects:
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
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