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Inflation / Keynesian economics / Real versus nominal value / Labour economics / Capitalism / Economics / Economic theories / Economic systems


The Responses of Wages and Prices to Technology Shocks∗ Rochelle M. Edge,† Thomas Laubach,‡ and John C. Williams§ December 10, 2003 Abstract This paper reexamines wage and price dynamics in response to permanent s
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Document Date: 2003-12-29 10:58:49

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City

Calvo / /

Company

Linde / /

Country

United States / /

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IndustryTerm

labor services / identified permanent technology shock / production technology / identified technology innovation / intermediate-good producer / differentiated labor services / technology shock / respective products / /

Organization

Federal Reserve Bank of San Francisco / Board of Governors of the Federal Reserve System / Rutgers University / US Federal Reserve / Sveriges Riksbank / Federal Reserve Board / OECD / /

Person

Eric Leeper / Rochelle M. Edge / † Thomas / Bt / John C. Williams / Ed Nelson / Stephanie Schmitt-Grohe / Michael Woodford / Andreas Hornstein / Ai / Thomas Laubach / Michael Dotsey / Bi / Argia Sbordone / /

Position

Prime Minister / Governor / intermediate-good producer / Pm / t / materials producer / Corresponding author . / Rt / gross nominal interest rate Rt / aggregate material price level Pm / representative / optimization-based model of the U.S. economy / variable Pm / model of the U.S. economy / price Pm / /

Technology

Dixit-Stiglitz technology / 2 Technology / same technology / production technology / /

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