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  • 1
    Electronic Resource
    Electronic Resource
    Staggered Wage Setting in Normal and Real Terms: A Comparative Analysis* (2001)
    Oxford, UK and Bosotn, USA : Blackwell Publishers Ltd
    Bulletin of economic research 53 (2001), S. 0 
    Details
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper analyses the behaviour of an economy characterized by staggered wage contract rules specified in nominal and in real terms. It is shown that staggered contracts in real terms imply complex eigenvalues which cause oscillatory paths both for output and unemployment and stonger output losses in response to an unexpected and permanent fall in the growth rate of money supply.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-8586.00125
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