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.

引用

页码：77 / 95

页数：19

共 25 条

[21] STABLE, CYCLIC AND CHAOTIC GROWTH - THE DYNAMICS OF A DISCRETE-TIME VERSION OF GOODWINS GROWTH-CYCLE MODEL [J].