Deflazione, disinflazione e modelli a salari sovrapposti
This work presents a critical survey of the naive log-linear models of overlapping wages. Focusing particularly both on the continuous-time model of Calvo (1983a, 1983b) and the discrete one of Taylor (1979, 1980) it addresses the issue of the effects on output of changes in monetary policy, in the form of deflation and disinflation. Given the confusing array of answers to this issue in the literature, this work tries to clarify how different assumptions about aggregate demand and the structure of contracts lead to different results in the overlapping wages models.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 56 (1997)
Issue (Month): 3-4 (December)
|Contact details of provider:|| Postal: via Sarfatti, 25 - 20136 Milano (Italy)|
Web page: http://www.gde.unibocconi.it/
|Order Information:|| Web: http://www.gde.unibocconi.it Email: |
When requesting a correction, please mention this item's handle: RePEc:gde:journl:gde_v56_n1-2_p235-273. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Erika Somma)
If references are entirely missing, you can add them using this form.