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 …

In this paper fiscal policy is examined for an open economy characterised by unemployment due to efficiency wages. We …

same time raising unemployment. -- innovation-based growth ; unemployment ; efficiency wages …This paper examines positive and normative implications of efficiency-wage induced unemployment within a model of … and the rate of unemployment. The sign of this correlation is shown to be given by the intersectoral wage differential …

unemployment when wages are inflexible. As protection against this possibility, it is proposed to use the proceeds of the green tax … under pure minimum-wage unemployment. -- double dividend ; efficiency wages ; green tax reform ; unemployment … to subsidize employment. In the best case, this protects the environment and reduces unemployment (double dividend …