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Productivity, labor, and the business cycle : proceedings of the Twenty-Ninth Annual Economic Policy Conference of the Federal Reserve Bank of St.Louis

2005

Persistent link: https://www.econbiz.de/10003020276

Uniform working hours and structural unemployment

Liu, Haoming (contributor); Wen, Yi (contributor); … - 2005

working schedules. This simple model can generate unemployment, even if wages adjust instantaneously, firms are perfectly … alternative explanation for why unskilled workers are a primary source of structural unemployment"--Federal Reserve Bank of St …

Persistent link: https://www.econbiz.de/10002956728

The multiplier : a general equilibrium analysis of multi-stage-fabrication economy with inventories

Wen, Yi (contributor) - 2005

Persistent link: https://www.econbiz.de/10003344532

Another look at sticky prices and output persistence

Wang, Peng-fei (contributor); Wen, Yi (contributor) - 2005

"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New …

Persistent link: https://www.econbiz.de/10002956723

Durable good inventories and the volatility of production : explaining the less volatile U.S. economy

Wen, Yi (contributor) - 2005

"This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the...