EFFICIENCY WAGES AND THE BUSINESS-CYCLE PUZZLE

被引：50

作者：

DANTHINE, JP

DONALDSON, JB

机构：

[1] CEPR,CH-1015 LAUSANNE,SWITZERLAND

[2] COLUMBIA UNIV,NEW YORK,NY 10027

来源：

EUROPEAN ECONOMIC REVIEW | 1990年 / 34卷 / 07期

关键词：

D O I：

10.1016/0014-2921(90)90001-F

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The main thrust of this work is to open the Real Business Cycle (RBC) methodology to non-Walrasian considerations and, reciprocally, to submit some non-Walrasian models to the discipline of the RBC approach. In doing so, we provide a first RBC model with involuntary unemployment and a suboptimal equilibrium path. We also demonstrate the promise and difficulty of resolving the business cycle puzzle by appealing to quantity rationing in the labor market. © 1990.

引用

页码：1275 / 1301

页数：27

共 17 条

[1] THE RELATIONSHIP OF WORKER PRODUCTIVITY TO COGNITIVE-DISSONANCE ABOUT WAGE INEQUITIES [J].