| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6731 |
| DP6731 Outsourcing and Technological Innovations: A Firm-Level Analysis | |
| Ann Bartel; Saul Lach; Nachum Sicherman | |
| 发表日期 | 2008-03-07 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Due to the lack of pertinent evidence, there is currently no agreement on how to introduce nominal rigidities into monetary macroeconomic models. We examine the role of alternative assumptions about the wage and price setting mechanisms for the assessment of the welfare costs of nominal rigidities and the performance of alternative monetary policy rules in an otherwise standard New Keynesian general equilibrium model. We find that the choice of a particular price and wage setting scheme matters quantitatively for the welfare costs of nominal rigidities. However, qualitative statements such as the welfare ranking of alternative monetary policy rules are robust to changes in contracting schemes. The difference between sticky nominal contracts and sticky information matters more than the difference in the age distribution of prices wages and information implied by alternative price and wage setting schemes. |
| 主题 | International Macroeconomics |
| 关键词 | Calvo pricing Monetary policy rules Nominal rigidities Sticky information Taylor contracts |
| URL | https://cepr.org/publications/dp6731 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535569 |
| 推荐引用方式 GB/T 7714 | Ann Bartel,Saul Lach,Nachum Sicherman. DP6731 Outsourcing and Technological Innovations: A Firm-Level Analysis. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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