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[eng] The regulation of capitalist economies and inflation. . The aim of this. paper is to try to explain the new pattern of inflation, growth and crises afier the Second World War, i.e. the permanent vises of the general level of prices and the transformation of cyclical crises, the continuing...
Persistent link: https://www.econbiz.de/10008626285
We develop in this article a new form of wage contracts similar in spirit to those developed by Calvo (1983), and integrate these contracts into a dynamic stochastic grneral equilibrium model. Rational wage setting by utility maximizing trade-unions is explicitly modelled. We derive the optimal...
Persistent link: https://www.econbiz.de/10004985438
[fre] Cet article fait une synthèse des recherches récentes (dans la ligne des travaux de Clower et Leijonhufvud) sur la théorie du déséquilibre et ises applications à l'articulation micro-macroéconomie. On étudie en particulier les problèmes de la monnaie, de demande effective, la...
Persistent link: https://www.econbiz.de/10008617845