A dynamic equilibrium model of inflation and unemployment
نویسندگان
چکیده
منابع مشابه
A Dynamic Equilibrium Model of Inflation and Unemployment
A stochastic general equilibrium model is constructed which is capable of examining the covariance properties between inflation and unemployment, both conditioned and unconditioned upon the state of exogenous real and monetary factors. Indivisibilities introduced into agents' labor choice decisions produce unemployment in equilibrium. It is shown that indigenous forces in a competitive economy ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 1987
ISSN: 0304-3932
DOI: 10.1016/0304-3932(87)90047-x