| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1726 |
| DP1726 Wage and Investment Behaviour in Transition: Evidence from a Polish Panel Data Set | |
| Irena Grosfeld; Jean-François Nivet | |
| 发表日期 | 1997-10-31 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | We look for a theoretical justification of nominal wage contracts in household diversification of risk. We assume it is more costly for households than for firms to use financial markets for this purpose. In a calibrated general equilibrium model we find from stochastic simulation that where nominal shocks have comparable variability to real shocks optimal wage contracts are overwhelmingly nominal, in accordance with general OECD experience. |
| 主题 | International Macroeconomics |
| 关键词 | General equilibrium Indexing diversification Nominal contracts Stochastic simulation |
| URL | https://cepr.org/publications/dp1726 |
| 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/530866 |
| 推荐引用方式 GB/T 7714 | Irena Grosfeld,Jean-François Nivet. DP1726 Wage and Investment Behaviour in Transition: Evidence from a Polish Panel Data Set. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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