Wage Contracts, Capital Mobility, and Macroeconomic Policy /
This paper examines the long-run effects of macroeconomic policy shocks on the behavior of output, inflation, real wages and the real exchange rate in a small open economy. The analysis is based on a two-sector, three-good optimizing model with imperfect capital mobility, nominal wage contracts with...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1995.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1995/010 |
| 在线阅读: | Full text available on IMF |