THE EFFECTS OF FISCAL-POLICIES IN A GENERAL EQUILIBRIUM-MODEL WITH NOMINAL WAGE CONTRACTS

被引：2
|
作者：
CARDIA, E [1 ]
机构：
[1] UNIV MONTREAL,CTR RECH & DEV ECON,MONTREAL,PQ H3C 3J7,CANADA
来源：
ECONOMICS LETTERS | 1995年 / 49卷 / 01期
关键词：
FISCAL POLICIES; WAGE CONTRACTS;
D O I：
10.1016/0165-1765(95)91160-B
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the quantitative effects of fiscal policy in a general equilibrium model modified to include nominal wage contracts. We show that the presence of even small amounts of nominal rigidities substantially increases the effects of fiscal policies on output.
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页码：69 / 75
页数：7
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