3 papers
econ.TH2026
Inherited Wage Dispersion and Optimal Discretion in a Dual-Rigidity TANK Model
Kenji Miyazaki
How does an inherited cross-type wage gap enter Markov-perfect discretionary monetary policy when transfers are passive? In a two-agent New Keynesian model with sticky prices and t…
econ.GN2026
When Do Type-Specific Wages Buffer Distributional Incidence in TANK?
Kenji Miyazaki
When do relative wages buffer the unequal incidence of aggregate shocks? I derive a consumption-gap decomposition and a present-value condition for partial offset in a TANK model.…
econ.TH2025
Profit Redistribution in a TANK Model with Price and Wage Rigidities: An Analytical Benchmark and an Own-Lag Comparison
Kenji Miyazaki
This paper studies profit redistribution in a Two-Agent New Keynesian model with price and wage rigidities, type-specific wages, and type-specific labor supply. An aggregate-lag be…