Add to ORKGA simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the optimal labor contract leaves employment to be determined by the firm, ii) a small cost for writing a state-contingent contract may be sufficient to induce forms and insiders to write contracts with fixed nominal wages, so that iii) fluctuations in nominal demand lead to variations in output and employment
This dissertation presents an attempt to integrate state-contingent labor and loan contracts in expl...
We develop and estimate a medium scale macroeconomic model that allows for unemploy-ment and stagger...
This paper presents a novel interpretation of the fact that high nominal interest rates accompany lo...
A simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the ...
Workers and firms prefer to contract infrequently when contract negotiations are costly, resulting i...
A modified version of the nominal contract developed by J. A. Gray (1976) and S. Fischer (1977) is i...
This paper investigates tbe c1aim, often put forth by Real Business Cycle proponents (e.g Prescott (...
The authors use a dynamic general equilibrium model to obtain quantitative estimates of the welfare ...
Macroeconomic models of the economy with rigid wage structures tend to predict unrealistically volat...
We look for a theoretical justification of nominal wage contracts in household diversification of ri...
This paper investigates wage contracting in the macroeconomy. The authors derive an orthogonality co...
We develop and estimate a medium scale macroeconomic model that allows for unemployment and staggere...
Abstract _ Tbis paper investigates tbe c1aim, ofien put fortb by Real Business Cycle proponents (e.g...
AbstractThe model is proposed by incorporating incomplete capital markets into the conventional impl...
This paper presents a model of opportunism and contingent wage schedules in labor markets, which is,...
This dissertation presents an attempt to integrate state-contingent labor and loan contracts in expl...
We develop and estimate a medium scale macroeconomic model that allows for unemploy-ment and stagger...
This paper presents a novel interpretation of the fact that high nominal interest rates accompany lo...
A simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the ...
Workers and firms prefer to contract infrequently when contract negotiations are costly, resulting i...
A modified version of the nominal contract developed by J. A. Gray (1976) and S. Fischer (1977) is i...
This paper investigates tbe c1aim, often put forth by Real Business Cycle proponents (e.g Prescott (...
The authors use a dynamic general equilibrium model to obtain quantitative estimates of the welfare ...
Macroeconomic models of the economy with rigid wage structures tend to predict unrealistically volat...
We look for a theoretical justification of nominal wage contracts in household diversification of ri...
This paper investigates wage contracting in the macroeconomy. The authors derive an orthogonality co...
We develop and estimate a medium scale macroeconomic model that allows for unemployment and staggere...
Abstract _ Tbis paper investigates tbe c1aim, ofien put fortb by Real Business Cycle proponents (e.g...
AbstractThe model is proposed by incorporating incomplete capital markets into the conventional impl...
This paper presents a model of opportunism and contingent wage schedules in labor markets, which is,...
This dissertation presents an attempt to integrate state-contingent labor and loan contracts in expl...
We develop and estimate a medium scale macroeconomic model that allows for unemploy-ment and stagger...
This paper presents a novel interpretation of the fact that high nominal interest rates accompany lo...