Prices, wages, and employment in the US economy a traditional model and tests of some alternatives

In this paper, we outline the cost minimizing behavior of oligopoly firms and the price adjustment process in the labor market which underlie the traditional formulation of aggregate wage-price behavior in the U.S., and show that resulting equations applied to U.S. data remain stable before and afte...

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Bibliographische Detailangaben

Hauptverfasser:	Ando, Albert (VerfasserIn), Brayton, Flint (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, MA 1993
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4568
Schlagworte:	Wirtschaftsentwicklung Ökonometrisches Modell Economic development > Econometric models Prices > United States Wages > United States > Econometric models USA
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