Reconsidering the Dynamic Interaction between Real Wages and Macroeconomic Activity

Christian R. Proaño · Peter Flaschel · Hans‐Martin Krolzig

14 citations0/0 files storedResearch in World Economy

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Economic Theory and Policy Monetary Policy and Economic Impact Labor market dynamics and wage inequality

Abstract

In this paper we investigate the role and the feedback structure of income distribution in the macro-dynamics of the U.S. economy after World War II. Among other things we analyze both theoretically and empirically the influence of job insiders on wage determination. Furthermore, by means of system GMM estimation we find empirical evidence of a negative dependence of the goods market dynamics on the development of functional income distribution in the U.S. economy.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 14 citations exist upstream.

References

1990Unemployment and the real wage: the economic basis for contesting political ideologies 1999Inflation targeting as a monetary policy rule 1998Policy Rules for Inflation Targeting 1984Stagnation, income distribution and monopoly power 1999Wage Dynamics: Reconciling Theory and Evidence 2006DISTRIBUTIVE AND DEMAND CYCLES IN THE US ECONOMY—A STRUCTURALIST GOODWIN MODEL 2007Distribution and growth reconsidered: empirical results for six OECD countries 1967On the Non-Linear Theory of the Employment Cycle

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.