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Few economists now question the validity of the Friedman-Phelps accelerationist hypothesis that the Phillips curve is vertical in the long run -at least as a first-order approximation. Indeed. the...
Union Wage Settlements During a Disinflation.
Wage Determination and Monetary Policy.
Few economists now question the validity of the Friedman-Phelps accelerationist hypothesis that the Phillips curve is vertical in the long run -at least as a first-order approximation. Indeed. the...
Synchronized Wage Determination and Macroeconomic Performance in Seven Large Countries.
This chapter reviews the role of temporary price and wage rigidities in explaining of the dynamic relationship between money, real output, and inflation. The key properties to be explained are that ...
When a job-seeker and an employer meet, find a prospective joint surplus, and bargain over the wage, conditions in the outside labor market, including especially unemployment, may have limited influen...
The consumption and welfare implications of wage arrears in transition economies.
Arabs wage war on MONEY LAUNDERING          2011/10/5
The article reports on the efforts of Arab government to adopt strict new standards to prevent the misuse of banks in the Middle East by terror organizations and financial manipulators. According to t...
The authors estimate the effects of the interactions between the Earned Income Tax Credit (EITC) and minimum wages on labor market outcomes. They use information on policy variation from the Departmen...
The degree of labor market flexibility is especially important for countries considering entry into monetary union. The aim of this article is to assess the extent of wage rigidities in Slovakia. The ...
A fixed exchange rate regime eliminates one degree of freedom in absorbing macroeconomic shocks. Therefore, there is a call for higher labor market flexibility in countries which are members of the mo...
We consider a small open Harris-Todaro (1970) economy with a rural foreign enclave and urban informal sector. We introduce consumption-efficiency relation to explain the simultaneous existence of inf...

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