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Estimated non-linearities and multiple equilibria in a model of distributive-demand cycles
Tavani, Daniele; Flaschel, Peter; Taylor, Lance - 2010
Persistent link: https://www.econbiz.de/10009010375
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Estimated non-linearities and multiple equilibria in a model of distributive-demand cycles
Tavani, Daniele; Flaschel, Peter; Taylor, Lance - In: International review of applied economics 25 (2011) 5, pp. 519-538
Persistent link: https://www.econbiz.de/10009355314
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Estimated Non-linearities & Multiple Equilibria in a Model of Distributive-Demand Cycles
Tavani, Daniele; Flaschel, Peter; Taylor, Lance - Bernard Schwartz Center for Economic Policy Analysis … - 2010
We introduce the results of a non-parametric estimate of the US wage Phillips Curve into a simplified version of the model of the wage-price spiral by Flaschel and Krolzig (2008). Making use of Okun’s law, the non-linearity in the wage inflation-employment relation translates into a...
Persistent link: https://www.econbiz.de/10011031803
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Estimated non-linearities and multiple equilibria in a model of distributive-demand cycles
Tavani, Daniele; Flaschel, Peter; Taylor, Lance - In: International Review of Applied Economics 25 (2011) 5, pp. 519-538
We introduce the results of a non-parametric estimate of the US wage-Phillips Curve into a simplified version of the model of the wage-price spiral by Flaschel and Krolzig (2008). Making use of Okun’s law, the non-linearity in the wage inflation-employment relation translates into a...
Persistent link: https://www.econbiz.de/10010624241
Cover Image
Estimated non-linearities and multiple equilibria in a model of distributive-demand cycles
Tavani, Daniele; Flaschel, Peter; Taylor, Lance - In: International review of applied economics 25 (2011) 5, pp. 519-539
Persistent link: https://www.econbiz.de/10009332750