Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
A Model of Nominal Contracts
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1989 (English)Report (Other academic)
Abstract [en]

A simple macroeconomic model with labor contracts is formulated. Under plausible conditions, i) the optimal labor contract leaves employment to be determined by the firm, ii) a small cost for writing a state-contingent contract may be sufficient to induce forms and insiders to write contracts with fixed nominal wages, so that iii) fluctuations in nominal demand lead to variations in output and employment.

Place, publisher, year, edition, pages
Stockholm: IIES , 1989. , 29 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 455
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41758OAI: oai:DiVA.org:su-41758DiVA: diva2:337669
Available from: 2010-08-09 Created: 2010-08-09 Last updated: 2010-08-09Bibliographically approved

Open Access in DiVA

fulltext(3646 kB)69 downloads
File information
File name FULLTEXT01.pdfFile size 3646 kBChecksum SHA-512
c589810b84e566acdc64fbca3b731a09d8026964e03eae5de9d1ce7a53993392edceac25d83181e9b3701d5b29f7aae39cbcfefe984376d2dad7c7431cf5c374
Type fulltextMimetype application/pdf

By organisation
Institute for International Economic Studies
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 69 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 72 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf