FOR A NEW GUIDE TO KEYNES ( I ) : WAGES , AGGREGATE DEMAND , AND EMPLOYMENT
FOR A NEW GUIDE TO KEYNES ( I ) : WAGES , AGGREGATE DEMAND , AND EMPLOYMENT
复制标题
新凯恩斯指南(一):工资、总需求和就业
DOI:
--
复制
发表时间:
2013
期刊:
影响因子:
--
通讯作者:
J. Gaĺı
中科院分区:
文献类型:
--
作者:
J. Gaĺı
I revisit the General Theory’s discussion of the role of wages in employment determination through the lens of the New Keynesian model. The analysis points to the key role played by the monetary policy rule in shaping the link between wages and employment, and in determining the welfare impact of enhanced wage flexibility. I show that the latter is not always welfare improving. (JEL: E24, E32, E58)