Real Wage Rigidity and the Taylor Principle

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dc.contributor.authorAraújo, Eurilton
dc.coverage.cidadeSão Paulopt_BR
dc.coverage.paisBrasilpt_BR
dc.creatorAraújo, Eurilton
dc.date.accessioned2023-07-14T02:51:17Z
dc.date.available2023-07-14T02:51:17Z
dc.date.issued2008
dc.description.abstractThis paper investigates conditions for equilibrium determinacy un der inflation-targeting interest-rate rules when the basic new Keyne sian model is extended to incorporate real wage rigidity. I show that the introduction of real wage rigidity increases the determinacy region under forward-looking rules. Moreover, the Taylor principle continues to ensure equilibrium uniqueness under current-looking rules.
dc.description.otherThis paper investigates conditions for equilibrium determinacy un der inflation-targeting interest-rate rules when the basic new Keyne sian model is extended to incorporate real wage rigidity. I show that the introduction of real wage rigidity increases the determinacy region under forward-looking rules. Moreover, the Taylor principle continues to ensure equilibrium uniqueness under current-looking rulespt_BR
dc.format.extent18 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.issueBEWP 011/2008
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/5771
dc.language.isoInglêspt_BR
dc.publisherInsperpt_BR
dc.publisherIBMEC São Paulopt_BR
dc.relation.ispartofseriesInsper Working Paperpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsreal wage rigiditypt_BR
dc.subject.keywordsdeterminacypt_BR
dc.subject.keywordsinflation targetingpt_BR
dc.titleReal Wage Rigidity and the Taylor Principlept_BR
dc.typeworking paper
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeWorking Paperpt_BR

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