Asset Prices and Wage Inertia
The study finds that considering fluctuations in unemployment and new hires in a model of endogenous wage inertia and growth can deepen the economic impact of recessions and increase the fall in asset prices.
Featured in No. 98 on 21 May 2025 · 2 days after release
- Released
- 19 May 2025
- First featured
- No. 98 · 21 May 2025
- Published in
- Not yet, as far as Semantic Scholar knows
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- 2
- Identifier
- SSRN 5261246
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