Please use this identifier to cite or link to this item:
Kirkpatrick, Grant
Year of Publication: 
Series/Report no.: 
Kiel Working Paper 219
This paper seeks to unify and extend a number of recent directions in macro-economic research. Firstly, there has been a tendency to introduce new factors and to unify their treatment. Thus imported raw materials together with floating exchange rates are now an established part of the literature. This has naturally led to the introduction of real wage rigidity as an essential element in the study of transmission of impulses between countries. Yet the unified treatment of such factors in a macro-econometric model is rare, the empirical work being mainly of the Single equation on reduced form variety. The empirical work on real wages and employment is a good example (see Sachs, 1983, for a review). In addition most macro-econometric modeis are Keynesian in construction, the supply side being relatively poorly developed.
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.