Keynesian involuntary unemployment and sticky nominal wages.

A model in which sticky nominal wages and Keynesian involuntary unemployment are brought about as a consequence of the intertemporal optimization decisions of profit maximizing monopsonistic firms and wholly rational and informed personnel in an uncertain environment is presented. In the model, unc...

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Detalles Bibliográficos

Publicado en:	Economic Journal Vol. 106; pp. 1564 - 1586
Autores principales:	Holmes, James M., Hutton, Patricia A.
Formato:	Artículo
Publicado:	Wiley-Blackwell November 1996
Materias:	Keynesian economics Mathematical models of unemployment Mathematical models of economic competition Monopsonies History Prices United States
Acceso en línea:	Ver este registro en EBSCOhost