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Friday, July 19, 2013

'Unemployment, the Output Gap and Wage Flexibility'

Simon Wren-Lewis:

Unemployment, the output gap and wage flexibility: This post is about the impact of nominal and real wage flexibility on unemployment and the output gap. It starts in an academic, abstract sort of way, but the policy implications do follow. I try and make the analysis as accessible as I can to non-economists. ...

There's quite a bit more. It is, in part, a continuation of the conversation in this post on wage flexibility.

    Posted by on Friday, July 19, 2013 at 01:38 PM in Economics, Unemployment | Permalink  Comments (11)


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