Browsing Statistisk sentralbyrås publikasjonsserier / Published by Statistics Norway by Subject "Ledighetsraten"
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Modelling the heuristic dynamics of the wage and price curve model of equilibrium unemployment
(Discussion Papers;671, Working paper, 2012)A standard model of equilibrium unemployment consists of static equations for real wage ambitions (wage curve) and real wage scope (price curve), which jointly determine the NAIRU. The heuristics of the model states that ...