Keil, Manfred and Symons, James (1991) An aggregate model of the Canadian. CEPDP (15). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
Full text not available from this repository.Abstract
The paper develops and estimates a small equilibrium model of the Canadian post-war labour market. The framework is imperfect competition in product and labour markets which, we argue, is forced upon us by the empirical fact that real wages do not on their own explain the business cycle. The benefits and the terms of trade. These variables, together with demand side-effects (best measured, we argue, by the real interest rate), are then used to account for the path of Canadian unemployment. A pleasing feature of the model is that it is quite econometrically stable over the turbulent ''80s.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 1991 the authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 21 Aug 2008 18:24 |
| Last Modified: | 09 May 2025 00:28 |
| URI: | http://eprints.lse.ac.uk/id/eprint/21129 |
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