Search Results - subject:"negative real balance effect"

Involuntary unemployment due to instability of the economy and fiscal policy for full-employment

Tanaka, Yasuhito - In: Research in business and management 9 (2022) 1, pp. 1-20

Persistent link: https://www.econbiz.de/10013532217

Microeconomic foundation for Phillips curve with a three-period overlapping generations model and negative real balance effect

Tanaka, Yasuhito - In: Central European economic journal 8 (2021) 55, pp. 163-175

monopolistic competition with negative real balance effect. In a three-period OLG model, there may exist a negative real balance … price, then by negative real balance effect, the unemployment rate rises (or falls), and we get a negative relation between … effect because consumers have debts and savings. A fall (or rise) in the nominal wage rate induces a fall (or rise) in the …

Persistent link: https://www.econbiz.de/10012799182