sticky wages การใช้

• Keynes locates the cause in sticky wages and liquidity preference.
• Economists have also looked at sticky wages as an explanation for why there is unemployment.
• Phelps, with Calvo and John Taylor, started a program to rebuild Keynesian economics with rational expectations by employing sticky wages and prices.
• Originally specializing in mathematical economics and general equilibrium theory, since the late 1990s Bewley has gained renown for his work on sticky wages.
• At any other desired target for the inflation rate, there is an endogenous trade-off, even under the absence real imperfections such as sticky wages, and the divine coincidence no longer holds.
• Specifically, New Keynesian economics was developed as a response to new classical economics, electing to incorporate the insight of rational expectations without giving up the traditional Keynesian focus on imperfect competition and sticky wages.
• At any other desired target for the inflation rate, there is an endogenous trade-off, even under no extra real imperfections such as sticky wages, and the divine coincidence no longer holds.
• At any other desired target for the inflation rate, there is an endogenous trade-off, even under no extra real imperfections such as sticky wages, and the divine coincidence no longer holds"
• In addition to these comprehensive theories of unemployment, there are a few categorizations of unemployment that are used to more precisely Behavioral economists highlight individual biases in decision making, and often involve problems and solutions concerning sticky wages and efficiency wages.
• In a standard New Keynesian model consisting of a Calvo price and sticky wages on the supply side and both an Euler equation and the Taylor rule on the demand side, the so-called New Keynesian Phillips curve ( NKPC ) is the following: