Welfare costs of sticky wages when effort can respond

Article Abstract:

The impact of wage stickiness when employment has an effort as well as hours dimension and the welfare cost of sticky wages in the face of monetary shocks were studied. The study showed that sticky wages did not create inefficient fluctuations in exertion at work relative to at home and that important costs of wage rigidity required the wages to be sticky and that the variations in exertion were disliked or provided no productive gain.

Administration of General Economic Programs, Wage & Price Stabilization, Labor costs, Wage price policy, Wage-price policy, Labour costs

---

Should fiscal policy be different in a non-competitive framework?

Article Abstract:

An attempt is made to determine whether imperfections in the labor industry justify a different fiscal policy. The assumption of a competitive labor market and introduction of a union with monopoly power, conclude that it is not optimal to implement a countercyclical fiscal policy.

---

Optimal fiscal policy under multiple equilibria

Article Abstract:

Different factors used in macroeconomic models create different equilibria. A method of designing fiscal policy, duly ensuring achievement of these multiple equilibria is suggested.

Management dynamics, Management, Company business management, Macroeconomics, Equilibrium (Economics)

Similar abstracts:

• Abstracts: The impact of host country government policy on US multinational investment decisions. Globalisation, economic policy and convergence
• Abstracts: The design of monetary and fiscal policy: a global perspective. The perils of Taylor rules
• Abstracts: China's WTO accession: impacts on regional agriculture income- a multi-regional, general equilibrium analysis
• Abstracts: The regulation of the Russian labor market. An evaluation of government-sponsored vocational training programs for the unemployed in urban Russia
• Abstracts: Liquidity flows and fragility of business enterprises. Adaptive expectations, underparameterization and the Lucas critique

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.