Predetermined Wages and Prices and the Impact of Expansionary Government Policy
- 1 April 1990
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 57 (2) , 205-214
- https://doi.org/10.2307/2297378
Abstract
This paper characterizes the monetary equilibria of an economy with commodity and labour contracts. If government policy is not “too variable,” thereKeywords
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