Archivi tag: volatility

Productivity growth and volatility: how important are wage and price rigidities?

We study the implications of having diferent sources of nominal rigidities on the relationship between productivity growth and shocks volatility in a model with procyclical R&D and imperfect competition in goods and labour markets. We show that the efects of … Continua a leggere

Pubblicato in 1) Working Papers | Contrassegnato , , , , | Lascia un commento