Efficiency wages, nominal rigidities and the cyclical behavior of real wages and marginal cost

DOI10.1016/S0165-1765(97)81903-9MaRDI QIDQ1389581zbMATH OpenFDO

Authors Michael T. Kiley

Publication date 30 June 1998

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0165-1765(97)81903-9

zbMATH Keywords

efficiency wagesnominal price rigidity

Mathematics Subject Classification ID

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• Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation

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