Keynesian dynamics and the wage-price spiral: identifying downward rigidities

DOI10.1007/S10614-005-6278-5MaRDI QIDQ2575453zbMATH OpenOpenAlexFDO

Authors Pu Chen, Peter Flaschel

Publication date 9 December 2005

Published in Computational Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10614-005-6278-5

zbMATH Keywords

adverse real-wage adjustmentsconstrained switching modelsdownward wage and price rigiditieseconomic stagnationwage and price Phillips-curves

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• scientific article; zbMATH DE number 48093 (Why is no real title available?)
• scientific article; zbMATH DE number 3550024 (Why is no real title available?)
• scientific article; zbMATH DE number 1898277 (Why is no real title available?)
• A Markov model for switching regressions
• High order disequilibrium growth dynamics: Theoretical aspects and numerical features
• Inside a modern macroeconometric model. A guide to the Murphy model. With a contribution by Nicholas Conron
• Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss
• Several Tests for Model Specification in the Presence of Alternative Hypotheses
• The U. S. Phillips curve: The case for asymmetry

Cited in

(2)

• TESTING WAGE AND PRICE PHILLIPS CURVES FOR THE UNITED STATES
• Bubbles, wage rigidity, and persistent slumps

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