Browsing Economists Online Collection & RePEc by Subject "E12"

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Monetary shocks with nominal wage stickiness and variable effort

Walsh, Frank (University College Dublin. School of Economics, 2000-11)

Wallers (1989) model which incorporates an effort augmented production function into a traditional Keynesian analysis of supply and demand shocks is generalised by not restricting the elasticity of substitution between ...
Monetary shocks with variable effort

Walsh, Frank (Elsevier Science, 2005-03)

In a model with rigid nominal wages, full information and competitive product markets, I show that when an effort augmented production function is incorporated into an analysis of supply and demand shocks, the outcomes are ...