Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
specification
of the real rigidities in the models above means that they do not sit comfort-
ably within a microfounded general … equilibrium model; microfounding these real
wage rigidities may entail other changes in the general equilibrium model that
1
See … setting, while we extend it to a general equilibrium setting. We assume
that every worker (employed or unemployed) is subject …