Naastepad, C. W.M.; Storm, Servaas - In: Journal of Post Keynesian Economics 29 (2007) 2, pp. 211-246
Real wage growth restraint is generally regarded as a necessary condition for sustained gross domestic product growth and lower unemployment in the Organization for Economic Cooperation and Development (OECD). We use a general Keynesian growth model, allowing demand growth to be wage led or...