The dynamics of wages and employment in a model of monopolistic competition and efficient bargaining
Modern macroeconomic models with a Keynesian flavour usually involve nominal rigidities in wages and commodity prices. A widely used conceptual framework is specifying a wage-setting and a price setting equation, while a more explicit microfoundation recurs to wage bargaining in the labour markets a...
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| Format: | Others |
| Language: | en |
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Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business
2003
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| Online Access: | http://epub.wu.ac.at/982/1/document.pdf |