When more flexibility yields more fragility: the microfoundations of Keynesian aggregate unemployment

DOI10.1016/j.jedc.2017.02.005zbMath1401.91352OpenAlexW2288246689MaRDI QIDQ1655614

Y. Aharonov

Publication date: 9 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://spire.sciencespo.fr/hdl:/2441/9d007rc2q9huruni0kde2vr73

zbMATH Keywords

aggregate demandagent-based modelsinvoluntary unemploymentwage determinationKeynesian coordination failureslabour market regimes

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

Forecasting in a complex environment: machine learning sales expectations in a stock flow consistent agent-based simulation model ⋮ Introduction to the special issue on large economic crises ⋮ When more flexibility yields more fragility: the microfoundations of Keynesian aggregate unemployment ⋮ Agent-based model calibration using machine learning surrogates ⋮ Mission-oriented policies and the ``Entrepreneurial state at work: an agent-based exploration ⋮ Hysteresis and sources of aggregate employment inertia ⋮ The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies ⋮ Endogenous growth and global divergence in a multi-country agent-based model

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