A WAGE-PRICE REGIME SWITCHING MODEL

被引：1
|
作者：
FERRI, P [1 ]
GREENBERG, E [1 ]
机构：
[1] WASHINGTON UNIV,ST LOUIS,MO 63130
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 1990年 / 13卷 / 01期
关键词：
D O I：
10.1016/0167-2681(90)90054-H
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The model we discuss in this paper combines an employment function, which is based on a Kaldor-type consumption function and a simple production function, with a wage-price subsystem whose parameters switch when a critical level of employment is reached. Depending on the way in which exogenous variables are specified and on parameter values, the model is capable of generating a wide variety of behavior in both real and nominal wages and prices. © 1990.
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页码：77 / 95
页数：19
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