Now showing items 1-2 of 2
Openness, the Sacrifice Ratio, and Inflation: Is there a Puzzle?
The standard time-inconsistency-based explanation for the negative correlation between openness and inflation requires an inverse relationship between the sacrifice ratio and openness, but Daniels et al. (forthcoming) ...
Openness, Central Wage Bargaining, and Inflation
This paper develops a model of an open economy containing both sectors in which wages are market-determined and sectors with wage-setting arrangements. A portion of the latter group of sectors coordinate their wages, ...