Natural rate of unemployment and efficiency: a dynamic analysis with flexible prices and increasing returns
We present a continous time non tatonnement process for frictionless and perfectly competitive markets with (possibly non convex) production, where the natural rate of unemployment (NRU) emerges as the asymptotic value of unemployment. Consumers and producers are myopic and repeatedly participate i...
Glavni autori: | Giraud, G, Rochon, C |
---|---|
Format: | Working paper |
Izdano: |
University of Oxford
2008
|
Slični predmeti
What Stopped the Inflation? Unemployment or Commodity Prices?
od: Jenkinson, T, i dr.
Izdano: (1988)
od: Jenkinson, T, i dr.
Izdano: (1988)
What Stopped the Inflation? Unemployment or Commodity Prices?
od: Beckerman, W, i dr.
Izdano: (1988)
od: Beckerman, W, i dr.
Izdano: (1988)
Slični predmeti
-
Increasing returns and unemployment equilibrium
od: Weitzman, Martin L.
Izdano: (2011) -
Labor Turnover and the Natural Rate of Unemployment: Efficiency Wage versus Frictional Unemployment.
od: MacLeod, W, i dr.
Izdano: (1994) -
Labor Turnover and the Natural Rate of Unemployment: Efficiency Wage vs Frictional Unemployment.
od: Macleod, W, i dr.
Izdano: (1993) -
Labour Turnover and the Natural Rate of Unemployment: Efficiency Wage vs. Frictional Unemployment.
od: Macleod, B, i dr.
Izdano: (1989) -
Fiscal increasing returns, hysteresis, real wages and unemployment
od: Blanchard, Olivier, i dr.
Izdano: (2011)