Product Description
Wages and Unemployment
A Study in Non-Walrasian Macroeconomics
This book assesses theoretical approaches in macroeconomics that focus on wage rigidities and involuntary unemployment.
Pierre Picard (Author)
9780521350570, Cambridge University Press
Hardback, published 13 May 1993
276 pages
23.4 x 15.5 x 2 cm, 0.537 kg
'This is an interesting book which I recommend to read.' Journal of Economics
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fixed-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigid]
Wages and Unemployment A Study in Non-Walrasian Macroeconomics Picard Hardback
Wages and Unemployment
A Study in Non-Walrasian Macroeconomics
This book assesses theoretical approaches in macroeconomics that focus on wage rigidities and involuntary unemployment.
Pierre Picard (Author)
9780521350570, Cambridge University Press
Hardback, published 13 May 1993
276 pages
23.4 x 15.5 x 2 cm, 0.537 kg
'This is an interesting book which I recommend to read.' Journal of Economics
This book is concerned with the problem of wage rigidities in macroeconomic theory, and their implications for public policy. It offers an analysis of the microeconomic foundations of rigid wages, considering their implications for normative economics, and their role in explaining involuntary unemployment. The initial chapters examine short-run macroeconomic equilibrium with nominal rigidities within the framework of fixed-price temporary equilibria. This is followed by an overview and assessment of the main microeconomic mechanisms likely to account for real wage rigid]
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