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A Keynesian Model of Nominal Wage Rigidity

Brazilian Review of Econometrics

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Title A Keynesian Model of Nominal Wage Rigidity
A Keynesian Model of Nominal Wage Rigidity
 
Creator Werlang, Sérgio Ribeiro da Costa; From EPGE/FGV.
 
Subject



 
Description We present a Model that reflects Keynes' intuition concerning nominal wage rigidity: workers like to keep their relative status on society. Several results are presented, including the analysis of the influence of risk aversion. The appendix has two new results on symmetric games.
O artigo apresenta um modelo que formaliza o argumento de Keynes sobre a rigidez nominal dos salários. Vários resultados são obtidos, dentre eles o efeito da aversão ao risco dos trabalhadores. Além disso, provam-se resultados auxiliares sobre equilíbrios de Nash em jogos simétricos.
 
Publisher Sociedade Brasileira de Econometria
 
Date 1990-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3022
10.12660/bre.v10n11990.3022
 
Source Brazilian Review of Econometrics; Vol 10, No 1 (1990); 119-142
Brazilian Review of Econometrics; Vol 10, No 1 (1990); 119-142
1980-2447
 
Language eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3022/1917