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Propagation of aggregate demand, firm specific and policy shocks in an economy with labour flows within and between firms of different sizes
Butter, Frank A. G. den; Gameren, Edwin van - Faculteit der Economische Wetenschappen en … - 2000
This paper illustrates the propagation at the macro level of various types of shocks in a multifirm model representing a miniature economy which consists of firms of 4 different sizes. Our modelling exercise focuses on the interaction between internal and external labour flows. These flows are...
Persistent link: https://www.econbiz.de/10010783459
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Propagation of aggregate demand, firm specific and policy shocks in an economy with labour flows within and between firms of different sizes
Butter, Frank A. G. den; Gameren, Edwin van - VU University Amsterdam, Faculty of Economics, Business … - 2000
This paper illustrates the propagation at the macro level of various types of shocks in a multifirm model representing a miniature economy which consists of firms of 4 different sizes. Our modelling exercise focuses on the interaction between internal and external labour flows. These flows are...
Persistent link: https://www.econbiz.de/10005451528