Generalised Taylor and Generalised Calvo Price and Wage Setting: Micro-evidence with Macro Implications

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Generalised Taylor and Generalised Calvo Price and Wage Setting: Micro-evidence with Macro Implications

The Generalised Calvo and the Generalised Taylor models of price and wage setting are, unlike the standard Calvo and Taylor counterparts, exactly consistent with the distribution of durations observed in the data. Using price and wage micro-data from a major euro area economy (France), we develop ca...

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Bibliographic Details
Main Authors:	Dixon, H., Le Bihan, Herve
Format:	Journal Article
Published:	Wiley-Blackwell 2012
Online Access:	http://hdl.handle.net/20.500.11937/55666

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