Staggered Price-Setting, Staggered Wage-Setting, and Business Cycle Persistence

By Kevin X. D. Huang, Zheng Liu. 2002

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Fair Wages in a New Keynesian Model of the Business Cycle (2002, unknown): “This finding is of special interest be NNS models with nominal rigidity in prices alone have been faulted by Chari e (2000) or Huang and Liu (2002) for their weak propagation mechanism.”
Capital controls and optimal Chinese monetary policy (2015, background): “With 9Following Huang and Liu (2002), Woodford (2003), and Christiano, Eichenbaum, and Evans (2005), we assume the existence of an implicit insurance market so that all workers receive the same consumption and real money balances independent of their skill types. nominal wage rigidities, the real…”