'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 Mark Thoma on Sunday, June 7, 2015 at 11:24 AM in Academic Papers, Economics, Video |
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