| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP844 |
| DP844 How are Product Demand Changes Transmitted to the Labour Market? | |
| Dennis Snower; Assar Lindbeck | |
| 发表日期 | 1993-09-30 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | In traditional Keynesian and neoclassical models, the transmission of product demand changes to the labour market generally involves wage-price sluggishness or counter-cyclical real wage movements. In practice, however, real wages are often acyclical or procyclical, and wages and prices are flexible in the longer run. This paper examines the main channels whereby product demand can affect employment under these conditions. The analysis suggests that the longer-term effectiveness of demand management policies depends significantly on the availability of a limited number of supply-side transmission channels. |
| 关键词 | Demand management policy Employment Imperfect competition Transmission mechanisms |
| URL | https://cepr.org/publications/dp844 |
| 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/529992 |
| 推荐引用方式 GB/T 7714 | Dennis Snower,Assar Lindbeck. DP844 How are Product Demand Changes Transmitted to the Labour Market?. 1993. |
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