Template-type: ReDif-Paper 1.0
Author-Name: Drèze Jacques H. 
Author-Name: Herings P. Jean-Jacques 
Author-workplace-name: METEOR
Title: Kinky Perceived Demand Curves and Keynes-Negishi Equilibria
Abstract: The label “Keynes-Negishi equilibria” is attached here to equilibria in a monetary economy with imperfectly competitive product and labor markets where business firms and labor unions hold demand perceptions with kinks - as posited in Negishi’s 1979 book Microeconomic Foundations of Keynesian Macroeconomics. Such equilibria are defined in a general equilibrium model, and shown to exist. Methodological implications are briefly discussed in a concluding section.
Keywords: monetary economics ; 
Series: Research Memoranda
Creation-Date: 2007
Number: 035
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:72b97f91-41d6-4f13-a750-4bf20d802d7a/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 379252
Handle: RePEc:unm:umamet:2007035