Document Type
Article
Media Type
Text
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" (2010). Faculty Peer-Reviewed Publications. 827.
https://huskiecommons.lib.niu.edu/allfaculty-peerpub/827
Department
Department of Economics
Department
Department of Economics
Language
eng
Publisher
Elsevier
COinS
