| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061277 | Economics Letters | 2010 | 4 Pages |
Abstract
This study derives reduced-form equations for the wage-wage Phillips curve and the price-price Phillips curve from firms' optimizing behavior, under the assumptions that firms pay efficiency wages and that workers' expectations of average wages or prices are partly adaptive.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Carl M. III,