Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Bulletin of economic research
46 (1994), S. 0
ISSN:
1467-8586
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Wirtschaftswissenschaften
Notizen:
This paper develops a model which embeds the Nash-equilibrium version of McDonald and Solow's (1981) wage-bargaining model into an otherwise standard static equilibrium macro model. Equilibrium unemployment is possible. Real shocks to demand result in pro-cyclical employment and anti-cyclical real wage movements while money shocks are neutral. This is in some contrast to the results obtained by McDonald and Solow.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-8586.1994.tb00589.x
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