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

DOI10.1007/S10614-005-6278-5zbMATH Open1075.91017OpenAlexW2061101324MaRDI QIDQ2575453FDOQ2575453

Peter Flaschel, Pu Chen

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)

Cites Work

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• A Markov model for switching regressions
• Several Tests for Model Specification in the Presence of Alternative Hypotheses
• High order disequilibrium growth dynamics: Theoretical aspects and numerical features
• The U. S. Phillips curve: The case for asymmetry
• Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss
• Inside a modern macroeconometric model. A guide to the Murphy model. With a contribution by Nicholas Conron

Cited In (1)

• TESTING WAGE AND PRICE PHILLIPS CURVES FOR THE UNITED STATES

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