Literaturnachweis - Detailanzeige
Autor/inn/en | Fields, T. Windsor; Hart, William R. |
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Titel | An Exposition of Fischer's Model of Overlapping Contracts. |
Quelle | In: Journal of Economic Education, 23 (1992) 1, S.35-47Infoseite zur Zeitschrift |
Sprache | englisch |
Dokumenttyp | gedruckt; Zeitschriftenaufsatz |
ISSN | 0022-0485 |
Schlagwörter | Contract Salaries; Contracts; Economic Factors; Economics; Economics Education; Higher Education; Labor Demands; Labor Economics; Models; Productivity; Supply and Demand; Teaching Methods; Wages |
Abstract | Suggests how the classic model of overlapping contracts can be incorporated into the contract wage model of aggregate supply. Illustrates dynamics of macroeconomic adjustment following a shock to aggregate demand. Concludes that overlapping contracts do not prolong the adjustment process; rather, the longest remaining contract determines the time required to return the economy to equilibrium. (DK) |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |