Jacques H., DREZE; Jean-Jacques, HERINGS - Institut de Recherche Économique et Sociale (IRES), … - 2007
The label “Keynes-Negishi equiibria” 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...