The effect of wage rigidity on the transmission of monetary policy to inequality
What is the effect of wage rigidities on the transmission of monetary policy to inequality? This paper investigates this question with a Two-Agent New Keynesian model with financially constrained and unconstrained households, and with search-and-matching frictions. I study the relative effects of th...
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| Format: | Working paper |
| Language: | English |
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University of Oxford
2023
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