| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP217 |
| DP217 International Interdependence and Policy Coordination in Economies with Real and Nominal Wage Rigidity | |
| Frederick van der Ploeg | |
| 发表日期 | 1987-12-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | The development of the seven main OECD economies during the 1970s and 1980s is discussed. Subsequently, wage equations of the error-correction type for the seven largest OECD economies are estimated. The hypothesis of real wage rigidity cannot be rejected for the French, German, Italian and Japanese economies, but the Canadian, United Kingdom and United States economies display a significant degree of nominal wage rigidity. An analytical two-country model with floating exchange rates, uncovered interest parity, imperfect substitution between home and foreign goods, and sluggish labor markets is then formulated. |
| 主题 | International Macroeconomics |
| 关键词 | Fiscal policy Floating exchange rates monetary policy Oecd Policy coordination Supply-side policy Wage rigidity |
| URL | https://cepr.org/publications/dp217 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529373 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg. DP217 International Interdependence and Policy Coordination in Economies with Real and Nominal Wage Rigidity. 1987. |
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