Browsing by Author "Billi, Roberto M."

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  • Billi, Roberto M.; Galí, Jordi, 1961- (2018-12-01)
    We analyze the welfare impact of greater wage flexibility while taking into account explicitly the existence of the zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally ...
  • Billi, Roberto M.; Galí, Jordi, 1961- (Wiley, 2020)
    We analyse the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate.We show that the ZLB constraint generally amplifies the ...

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