Autore
Pelloni, Alessandra

Titolo
Nominal rigidities and increasing returns
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1995 - Fascicolo: 31 - Pagina iniziale: 2 - Pagina finale: 15

The paper proposes a simple model of wage setting and imperfect competition that takes into account knowledge and human capital accumulation. We show that, given increasing returns to reproducible factors, transitory disturbances to output that originate on the demand side of the economy produce permanent upward shifts in the aggregate production function.



Testo completo: http://hdl.handle.net/1814/556

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