Wage rigidity and unemployment: a comment on Kohn
ABSTRACT This paper examines loanable fund models with a stabilized interest rate, in which the banking system bridges the gap between the flow of demand and the provision of funds. A typical Mickselian model is developed to emphasize the importance of credit and inflation (deflation) in closing the...
| Autori principali: | , |
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| Natura: | Articolo |
| Lingua: | English |
| Pubblicazione: |
Editora 34
2023-05-01
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| Serie: | Brazilian Journal of Political Economy |
| Soggetti: | |
| Accesso online: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31571992000200287&lng=en&tlng=en |