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Sunday, June 07, 2015

'Cyclical Variation in Real Wages'

More than 75 years ago, the EJ – under Keynes’ editorship - published a series of papers on the behavior of real wages that have had a lasting impact on the discipline – this special anniversary session discusses debates then and now about real wage dynamics, unemployment fluctuations and wage flexibility.

Presentations:

  • Keynesian Controversies on Compensation; Presented by John Pencavel (Stanford University)
  • Unemployment and Business Cycles; Presented by Lawrence Christiano (Northwestern University)
  • Unemployment Fluctuations, Match Quality and Wage Cyclicality of New Hires: Presented by Christopher Huckfeldt (Cornell University) and Antonella Trigari (Bocconi University)
  • Does the New Keynesian Model have a Uniqueness Problem? Presented by Benjamin Johannsen (Federal Reserve Board)

I really enjoyed this session, particularly the history of "Keynesian controversies" over wages by John Pencavel at the beginning of the session.

    Posted by on Sunday, June 7, 2015 at 11:24 AM in Academic Papers, Economics, Video | Permalink  Comments (1)


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