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Journal Article

Employment distortions under sticky wages and monetary policies to minimize them


Abstract: A discussion of sticky nominal wages, showing that nominal income or price-level targeting policies result in smaller distortions than do policies that target output or money.

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File(s): File format is text/html http://www.clevelandfed.org/research/review/1989/89-q2-hoehn.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=204730&filepath=/docs/publications/frbclevreview/rev_frbclev_1989q2.pdf&start_page=24#scribd-open

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1989

Volume: 25

Issue: Q II

Pages: 22-34