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fair wages. The model is used inter alia to analyse the labour market effects of changes in unemployment benefits and the …In this paper we develop a model of a multi-sector multi-factor small open economy with involuntary unemployment due to …
Persistent link: https://www.econbiz.de/10014058185
Foreign Capital, National Welfare and Unemployment in a Fair Wage Model …
Persistent link: https://www.econbiz.de/10013155371
This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price … reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …
Persistent link: https://www.econbiz.de/10010238840
In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …
Persistent link: https://www.econbiz.de/10011404320
We develop an aggregate demand analysis of a small open economy based on all agents' dynamic optimization. Murota and Ono (2015) present a simple Keynesian cross analysis with dynamic optimization. This paper extends it to a small-country setting with two factors and two commodities, of which...
Persistent link: https://www.econbiz.de/10012035945
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In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …
Persistent link: https://www.econbiz.de/10001870765
Persistent link: https://www.econbiz.de/10001829804