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Flattening of the Phillips curve with state-dependent prices and wages

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Essays in economic theory, growth, and labour markets : a festschrift in honour of E. Drandakis

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game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic … understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems … as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and …