Federal Reserve Bank of Cleveland: 'Endogenous Labor Supply in an Estimated New-Keynesian Model: Nominal Versus Real Rigidities'
March 19, 2025
March 19, 2025
CLEVELAND, Ohio, March 19 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 25-08) on March 6, 2025, by Isabel Cairo, Hess T. Chung, Francesco Ferrante, Cristina Fuentes-Albero, Camilo Morales-Jimenez, and Damjan Pfajfar entitled "Endogenous Labor Supply in an Estimated New-Keynesian Model: Nominal versus Real Rigidities."
Here are excerpts:
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Standard macroeconomic models find it difficult to reconcile sl . . .
Here are excerpts:
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Standard macroeconomic models find it difficult to reconcile sl . . .