Keynesian dynamics and the wage-price spiral: Identifying downward rigidities

Computational Economics

Volumn 25, Issue 1-2, 2005, Pages 115-142

  Chen, Pu ^a   Flaschel, Peter ^a  

^a BIELEFELD UNIVERSITY   (Germany)

Author keywords

Adverse real wage adjustments; Constrained switching models; Downward wage and price rigidities; Economic stagnation; Wage and price Phillips curves

Indexed keywords

EID: 24144468128     PISSN: 09277099     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10614-005-6278-5     Document Type: Article

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