Wage Indexation and Macroeconomic Fluctuations

Pierre Dehez () and Jean-Paul Fitoussi

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Abstract: Recent theoretical developments in general equilibrium theory have incorporated the possibility of imperfectly flexible prices, the general consistency of transactions being attained through quantity rationing. The basic contributions along these lines are due to Benassy (1975), Drèze (1975) and Younès (1975).

Date: 1986
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Published in Wilfred Beckerman. Wage rigidity and unemployment, Johns Hopkins University Press, pp.201 - 217, 1986, 9780801834004

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03393158

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