They study the effects of monetary shocks in a model of state-dependent price and wage adjustment based on “control costs”…
https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2272~38362298bc.en.pdf
They study the effects of monetary shocks in a model of state-dependent price and wage adjustment based on “control costs”…
https://www.ecb.europa.eu//pub/pdf/scpwps/ecb.wp2272~38362298bc.en.pdf
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