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Monopolistic Competition and Labor Market Adjustment in the Open Economy
Aizenman, Joshua - 1987
This paper explains prices, output and employment adjustment In an open economy characterized by a monopolistic competitive market structure where goods prices are flexible while wages are determined by contracts that pre-set the wage path for several periods. The paper solves the rational...
Persistent link: https://www.econbiz.de/10012476917
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A parsimonious macroeconomic ABM for labor market regulations
Ates, Caner; Maringer, Dietmar G. - 2021
The literature on macroeconomic agent-based models (MABMs) has gained growing attention since the early 2000s. Most MABMs dealing with market regulations have been focusing on the financial market. In contrast, only a small number of MABMs investigate the effects of labor market regulations. In...
Persistent link: https://www.econbiz.de/10012797537
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Monopolistic Competition and Labor Market Adjustment in the Open Economy
Aizenman, Joshua - 2007
This paper explains prices, output and employment adjustment In an open economy characterized by a monopolistic competitive market structure where goods prices are flexible while wages are determined by contracts that pre-set the wage path for several periods. The paper solves the rational...
Persistent link: https://www.econbiz.de/10012777330
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Dynamic Effects of Regulation and Deregulation in Goods and Labour Markets
Commendatore, Pasquale - 2010
It has been argued in recent economic literature that deregulation in both product and labour markets has beneficial impacts on employment and on real wages. The results offered to support this argument, however, are controversial. So far the debate has been concerned with comparative static...
Persistent link: https://www.econbiz.de/10013152352
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Prices and quantities : a macroeconomic analysis
Okun, Arthur M. - 1981
Persistent link: https://www.econbiz.de/10013535317
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Wage and employment patterns in labor contracts : microfoundations and macroeconomic implications
Cooper, Russell W. - 1987
Persistent link: https://www.econbiz.de/10013388308
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Open-economy macroeconomics : proceedings of a conference held in Vienna by the International Economic Association
Frisch, Helmut (ed.); Wörgötter, Andreas (contributor) - 1993
Persistent link: https://www.econbiz.de/10013388419
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Theory and Estimation of Macroeconomic Rationing Models
Sneessens, Henri R. - 1981
: Theoretical Foundations -- 1. The Structure of Quantity Rationing Models -- 2. Effective Demand Theory -- II : Econometric …Introducing his book "The Theory of UnemPloyment Reconsidered", Professor Malinvaud expressed several years ago his …. Looking towards econometric applications, it illustrates that a framework h la Malinvaud (i. e. based on the theory of …
Persistent link: https://www.econbiz.de/10013519838
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Aggregate Earnings and Macroeconomic Shocks : The Role of Labour Market Policies and Institutions
Bassanini, Andrea - 2012
I examine the effect of labour market policies and institutions on the transmission of macroeconomic shocks to the labour market, using both aggregate and industry-level annual data for 23 OECD countries, 23 business-sector industries and up to 29 years. I find that high and progressive labour...
Persistent link: https://www.econbiz.de/10013099104