Does Inflation "Grease the Wheels of the Labor Market"?
Published Date
Copyright 1997
ISBN 0226724840
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Copy CitationDavid Card and Dean Hyslop, Reducing Inflation: Motivation and Strategy (University of Chicago Press, 1997), chap. 2, https://www.nber.org/books-and-chapters/reducing-inflation-motivation-and-strategy/does-inflation-grease-wheels-labor-market.
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Published From Paper
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Working Paper
If nominal wages are downward rigid, moderate levels of inflation may improve labor market efficiency by facilitating...
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