unset DNWR by default

gboehl · Dec 10, 2024 · caff366 · caff366
1 parent 27e767c
commit caff366
Showing 1 changed file with 1 addition and 1 deletion.
diff --git a/econpizza/examples/dsge.yml b/econpizza/examples/dsge.yml
@@ -76,7 +76,7 @@ steady_state:
         rho: 0.8 # persistence in (notional) nominal interest rate
         omega_p: 0.44 # coefficient on steady state inflation in price indexation
         omega_w: 0.66 # coefficient on steady state wage inflation in wage indexation
-        iota_w: 1 # degree of dowards nominal wage rigidity
+        iota_w: 0 # degree of dowards nominal wage rigidity
         elb: 1 # position of ELB
         rho_beta: 0.9 # persistence of discount factor shock
         rho_z: 0.9 # persistence of technology shocks