A new Keynesian framework and wage and price dynamics in the USA
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DOI: 10.1007/s00181-017-1320-8
Abstract: This paper investigates theoretical implications from a new Keynesian model focusing on the labor market, by imposing them as testable restrictions in an estimated vector error correction model on US data from 1982Q3 to 2016Q1.… read more here.
Keywords: wage price; model; dynamics usa; price dynamics ... See more keywords