Construct · 1 fields · 1 citations

staggered contracts model: a standalone construct

One name. One construct. A landmark on the map.

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staggeredcontracts model1 CONSTRUCTStaggered contractsTAYLOR · MACROECONOMICS

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Macroeconomics

a model in which wages are fixed for several periods and set at different dates, producing persistent real effects of monetary shocks.

In macroeconomics, staggered contracts model refers to a model in which wages are fixed for several periods and set at different dates, producing persistent real effects of monetary shocks. This meaning comes from Taylor (1980) in Journal of Political Economy.[1]

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Nearby constructs

model3 fields · 3 citationsjingle · one word, three constructs

References

  1. Taylor, J. B. (1980). Aggregate Dynamics and Staggered Contracts. Journal of Political Economy, 88(1), 1-23. https://doi.org/10.1086/260845

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