Titlebook: Wages, Regime Switching, and Cycles; Piero Ferri,Edward Greenberg Book 1992Latest edition Springer-Verlag Berlin · Heidelberg 1992 Arbeits

rupture

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inspired

Regime Switching and the Wage-Price Spiralin the long run. What is needed is a model that can permit rapidly changing wages and prices in the short to medium run, but which does not lead to explosive behavior in the long run. One way of dealing with this problem is to assume a business cycle perspective and to formulate a model that permits changes in regime.

Geyser

Microfoundations of Labor Market Modeling1990, p. 793), “… the crises of the 1970s arose not because the wage-price mechanism was in contradiction with the facts, but because its explanation of the facts was at variance with theory. Thus the reconstruction effort has been largely theoretical.”

Confess

Regime Switching and the Wage-Price Spiralin the long run. What is needed is a model that can permit rapidly changing wages and prices in the short to medium run, but which does not lead to explosive behavior in the long run. One way of dealing with this problem is to assume a business cycle perspective and to formulate a model that permits changes in regime.

ellagic-acid

An Assessment role of the labor market. We have discussed the differences between these models, the role played by various specifications of the labor market, the impact of some new analytical tools of analysis, and various implications of these models.

熒光

Rodent

and Business Cycle Theories. Our 1990 article, which appeared in The Journal of Economic Behavior and Organization, represented a first step in this direction. The consequences of this effort have materialized in a number of new chapters that has led de facto to a new book, in which the surviving p

無能力之人

PACK

Nonlinear Deterministic Theoriespossible equilibria are ones in which the state of the economy oscillates forever. Optimal growth models are examples of the first type, while the sunspot equilibrium model based upon overlapping generation models belong to the second type.

拖網(wǎng)