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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https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1989-quarter-2-4204?page=24
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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