Causes and consequences of hysteresis: aggregate demand,productivity and employment
"In this work we develop an agent-based model where hysteresis in major macroeconomic variables (e.g. GDP, productivity, unemployment) emerges out of the decentralized interactions of heterogeneous firms and workers. Building upon the model in Dosi et al. (2016, 2017), we specify an endogenous...
| Main Authors: | , , , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Paris
2017
OFCE |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-616112443439-Causes-and-consequences-of-hys.htm |
