Document Type
Article
Abstract
This study derives reduced-form equations for the wage–wage Phillips curve and the price–price Phillips curve from firms' optimizing behavior, under the assumptions that firms pay efficiency wages and that workers' expectations of average wages or prices are partly adaptive.
DOI
10.1016/j.econlet.2010.01.036
Publication Date
5-1-2010
Recommended Citation
Campbell, Carl M., III “Deriving the Wage-Wage and Price-Price Phillips Curves from a Model with Efficiency Wages and Imperfect Information,” Economics Letters, Vol. 107, May 2010, pp. 242-245.
Original Citation
Campbell, Carl M., III “Deriving the Wage-Wage and Price-Price Phillips Curves from a Model with Efficiency Wages and Imperfect Information,” Economics Letters, Vol. 107, May 2010, pp. 242-245.
Department
Department of Economics
Legacy Department
Department of Economics
Language
eng
Publisher
Elsevier
