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Output, Employment, and Wages in the Short Run

Author

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  • Robert M. Solow
  • Joseph E. Stiglitz

Abstract

I. Introduction, 537. — II. Building blocks, 539. — III. The working of the model, 545. — IV. Displacement of short-run equilibrium, 554. — V. Effective demand and the distribution of income, 557. — VI. Next steps, 559.

Suggested Citation

  • Robert M. Solow & Joseph E. Stiglitz, 1968. "Output, Employment, and Wages in the Short Run," The Quarterly Journal of Economics, Oxford University Press, vol. 82(4), pages 537-560.
  • Handle: RePEc:oup:qjecon:v:82:y:1968:i:4:p:537-560.
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    File URL: http://hdl.handle.net/10.2307/1879599
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    Citations

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    Cited by:

    1. Dosi, G. & Pereira, M.C. & Roventini, A. & Virgillito, M.E., 2017. "When more flexibility yields more fragility: The microfoundations of Keynesian aggregate unemployment," Journal of Economic Dynamics and Control, Elsevier, vol. 81(C), pages 162-186.
    2. Calmès, Christian, 2003. "La poignée de main invisible et la persistance des cycles d’affaires : un survol," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(4), pages 563-581, Décembre.
    3. Karl Ove Moene & Asbjorn Rodseth, 1991. "Nobel Laureate: Trygve Haavelmo," Journal of Economic Perspectives, American Economic Association, vol. 5(3), pages 175-192, Summer.
    4. Joseph E. Stiglitz, 2011. "Rethinking Macroeconomics: What Failed, And How To Repair It," Journal of the European Economic Association, European Economic Association, vol. 9(4), pages 591-645, August.
    5. repec:eee:ecmode:v:68:y:2018:i:c:p:82-95 is not listed on IDEAS
    6. Ben S. Bernanke & James Powell, 1986. "The Cyclical Behavior of Industrial Labor Markets: A Comparison of the Prewar and Postwar Eras," NBER Chapters,in: The American Business Cycle: Continuity and Change, pages 583-638 National Bureau of Economic Research, Inc.
    7. Goulven Rubin, 2014. "Disequilibrium economics: some comments about its nature, origins and fate. A review essay of "Transforming Modern Macroeconomics, The Relationship of Micro and Macroeconomics in Historical Persp," Working Papers halshs-01091765, HAL.
    8. Joseph E. Stiglitz, 2017. "The Revolution of Information Economics: The Past and the Future," NBER Working Papers 23780, National Bureau of Economic Research, Inc.
    9. Joseph E. Stiglitz, 1991. "Methodological Issues and the New Keynesian Economics," NBER Working Papers 3580, National Bureau of Economic Research, Inc.
    10. Guerini, Mattia & Napoletano, Mauro & Roventini, Andrea, 2018. "No man is an Island: The impact of heterogeneity and local interactions on macroeconomic dynamics," Economic Modelling, Elsevier, vol. 68(C), pages 82-95.
    11. Joseph E. Stiglitz, 1984. "Theories of Wage Rigidity," NBER Working Papers 1442, National Bureau of Economic Research, Inc.
    12. Roger E. Backhouse & Bradley W. Bateman, 2011. "Methodological Issues in Keynesian Macroeconomics," Chapters,in: The Elgar Companion to Recent Economic Methodology, chapter 18 Edward Elgar Publishing.

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