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Browsing Economics and Business Working Papers Series by Subject "zlb"

Browsing Economics and Business Working Papers Series by Subject "zlb"

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  • Billi, Roberto M.; Galí, Jordi (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 ...

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