Showing econ.THShow all
2 papers · 1 filter
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.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…