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Fair Wages in a New Keynesian Model of the Business Cycle
Danthine, Jean-Pierre; Kurmann, Andre - 2003
We build a New Keynesian model of the business cycle with sticky prices and real wage rigidities motivated by efficiency wages of the gift exchange variety. Compared to a standard sticky price model, our Fair Wage model provides an explanation for structural unemployment and generates more...
Persistent link: https://www.econbiz.de/10014086568
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Behavioural economics is useful also in macroeconomics : the role of animal spirits
De Grauwe, Paul; Ji, Yuemei - In: Comparative economic studies 60 (2018) 2, pp. 203-216
Persistent link: https://www.econbiz.de/10012172175
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Sentiment-driven business cycle dynamics : an elementary macroeconomic model with animal spirits
Gardini, Laura; Radi, Davide; Schmitt, Noemi; Sushko, Iryna - In: Journal of economic behavior & organization : JEBO 210 (2023), pp. 342-359
Persistent link: https://www.econbiz.de/10014446677
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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - In: Journal of monetary economics 60 (2013) 8, pp. 887-899
Persistent link: https://www.econbiz.de/10010253048
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Sentiments, financial markets, and macroeconomic fluctuations
Benhabib, Jess; Liu, Xuewen; Wang, Pengfei - In: Journal of financial economics 120 (2016) 2, pp. 420-443
Persistent link: https://www.econbiz.de/10011590098
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Perceived uncertainty shocks, excess optimism-pessimism, and learning in the business cycle
Chatterjee, Pratiti; Milani, Fabio - In: Journal of economic behavior & organization : JEBO 179 (2020), pp. 342-360
Persistent link: https://www.econbiz.de/10012486782
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The effect of heterogeneuous wage contracts on macroeconomic volatility in a financially fragile economy
Kim, Jongheuk - In: East Asian economic review 21 (2017) 2, pp. 167-197
heterogeneous wage contract between regular and temporary workers on a macroeconomic volatility in a financially fragile economy …
Persistent link: https://www.econbiz.de/10011765066
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The effect of heterogeneous wage contracts on macroeconomic volatility in a financially fragile economy
Kim, Jongheuk - In: East Asian economic review 21 (2017) 2, pp. 167-197
Persistent link: https://www.econbiz.de/10011701210
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Attentiveness cycles : synchronized behavior and aggregate fluctuations
Gomes, Orlando - In: Revista brasileira de economia : RBE ; revista da … 66 (2012) 3, pp. 271-288
Persistent link: https://www.econbiz.de/10011443598
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Countercyclical endogenous uncertainty shocks, efficiency wages and procyclical precautionary labor productivity
Grandmont, Jean-Michel - 2017
Persistent link: https://www.econbiz.de/10012196341