Tanaka, Yasuhito - In: Mokslo darbai / Vilniaus Universitetas 100 (2021) 1, pp. 54-66
We examine positive or negative real balance effect (or so-called Pigou effect) by falls in the nominal wage rate and the prices of the goods in situations where there is involuntary unemployment using a three-generations overlapping generations model with childhood period and pay-as-you go...